Consumer Income & Expenditures Survey 2002

Number of consumer units:

• All: 112,108,000
• Under 25: 8,737,000
• Age 25-34: 18,998,000
• Age 35-44: 24,394,000
• Age 45-54: 29,691,000
• Age 55-64: 15,314,000
• Age 65 and over: 21,983,000
• Age 65-74: 11,216,000
• Age 75 and over: 10,767,000

Consumer Unit Income Characteristics:

• All: Income before taxes- $49,430; after taxes- $46,934
• Under 25: Income before taxes- $20,773; after taxes- $20,206
• Age 25-34: Income before taxes- $49,133; after taxes- $46,875
• Age 35-44: Income before taxes- $61,532; after taxes- $58,457
• Age 45-54: Income before taxes- $64,974; after taxes- $60,923
• Age 55-64: Income before taxes- $53,162; after taxes- $50,306
• Age 65 and over: Income before taxes- $29,711; after taxes- $28,674
• Age 65-74: Income before taxes- $35,118; after taxes- $33,562
• Age 75 and over: Income before taxes- $23,890; after taxes- $23,411

Percent Gender Distribution:

• All: Male: 51%, Female 49%
• Under 25: Male: 46%, Female 54%
• Age 25-35: Male: 52%, Female 48%
• Age 35-44: Male: 52%, Female 48%
• Age 45-54: Male: 54%, Female 46%
• Age 55-64: Male: 54%, Female 46%
• Age 65 and over: Male: 46%, Female 54%
• Age 65-74: Male: 51%, Female 49%
• Age 75 and over: Male: 42%, Female 58%

Highest Education Level Reached:

• All: Elementary: 6%, High School: 38%, College: 56%
• Under 25: Elementary: 2%, High School: 31%, College: 67%
• Age 35-44: Elementary: 3%, High School: 33%, College: 63%
• Age 45-54: Elementary: 4%, High School: 36%, College: 60%
• Age 55-64: Elementary: 4%, High School: 36%, College: 60%
• Age 65 and over: Elementary: 6%, High School: 39%, College: 55%
• Age 65-74: Elementary: 10%, High School: 47%, College: 42%
• Age 74 and over: Elementary: 18%, High School: 46%, College: 36%

Annual Average Expenditures:

• All: $40,677
• Under 25: $24,229
• Age 25-34: $40,318
• Age 35-44: $48,330
• Age 45-54: $48,748
• Age 55-64: $44,330
• Age 65 and over: $28,105
• Age 65-74: $32,243
• Age 75 and over: $23,759

Percentage of Expenditures Spent on Apparel & Services:

• All: 4.3% [men & boys 1%, women & girls 1.7%, children under two 0.2%, footwear 0.8%, other 0.6%]
• Under 25: 5.6% [men & boys 1.1%, women & girls 2.5%, children under two 0.4%, footwear 1%, other 0.6%]
• Age 25-34: 4.9% [men & boys 1.2%, women & girls 1.6%, children under two 0.5%, footwear 1%, other 0.7%]
• Age 35-44: 4.3% [men & boys 1.2%, women & girls 1.6%, children under two 0.2%, footwear 0.8%, other 0.6%]
• Age 45-54: 4.2% [men & boys 1%, women & girls 1.7%, children under two 0.1%, footwear 0.7%, other 0.6%]
• Age 55-64: 4% [men & boys 0.8%, women & girls 1.9%, children under two 0.1%, footwear 0.7%, other 0.6%]
• Age 65 and over: 3.5% [men & boys 0.7%, women & girls 1.6%, children under two 0.1%, footwear 0.6%, other 0.5%]
• Age 65-74: 3.9% [men & boys 0.9%, women & girls 1.7%, children under two 0.1%, footwear 0.6%, other 0.5%]
• Age 75 and over: 2.8% [men & boys 0.5%, women & girls 1.4%, children under two 0.1%, footwear 0.5%, other 0.4%]

Summary of Data: The largest consumer groups are the 35-44 age range and the 45-54 age range. These two groups also have the highest before and after tax incomes, the second (63% for the 35-44 age range) and third (60% for the 45-54 age range) highest percentage of college graduates, and the highest annual expenditures ($48,330 for the 35-44 age range, and $48,748 for the 45-54 age range). However, the consumer groups which have the highest percentage of expenditures on apparel and services are the under 25 age range (5.6%) and the 25-34 age range (4.9%).

Source: Bureau of Labor Statistics- Spending and Time Use