Oct. 08–The U.S. Department of Commerce’sBureau of Economic Analysis has revealed just how much individuals spent on average on personal consumption items.
According to the data, per capita, Americans spent $40,878 in 2017 on consumption expenditures such as housing and utilities, health care, gas and food and drink outside of the home.
In West Virginia, that figure was more than $6,000 less with residents of the Mountain State spending a total of $34,758 per capita on consumption expenditures including $5,149 per capita on housing, $2,857 on food outside the home, $1,082 on gas and other energy goods.
Perhaps the most startling statistic is how much per capita West Virginians are paying for health care.
In a state that is over $6,000 less in total spending on consumption expenditures than the national average, residents are paying nearly $1,000 higher than the national average per capita on health care.
According to the data, Americans spent an average of $6,973 per person for health care in 2017.
West Virginians spent $7,935 per person.
Overall, personal consumption in the Mountain State went up 2.7 percent in 2017, well below the national average of a 4.3 percent increase, though better than the state’s 2.5 percent increase in 2016.
That state average consisted of a 3.1 percent increase in spending for housing and utilities, a 4.6 percent increase in spending on health care, a three percent increase in spending for transportation services, a 4.1 percent increase in recreational spending and an 8.2 percent increase in financial services and insurance.
For state residents, food service and accommodation services spending decreased by 0.9 percent.
As a total, West Virginians spent over $63.1 billion in personal consumption expenditures, with the national total being over $13.3 trillion.
Idaho was the national leader in personal consumption spending per capita growth at 6.9 percent, followed by Washington state, 6.1 percent, Utah, 5.7 percent, and Arizona, 5.5 percent.
North Carolina and Tennessee were the top spending growth states east of the Mississippi River, growing at a five percent clip.
Virginia’s per capita personal consumption expenditures grew 3.9 percent, Kentucky’s grew at 3.3 percent, Ohio’s grew at 3.6 percent and Pennsylvania’s grew at 3.7 percent. Maryland’s rate grew four percent.
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