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A distributional approach to U.S. personal consumption expenditures: an overview

Author

Listed:
  • Thesia I. Garner

    (Bureau of Labor Statistics)

  • Robert Martin

    (Bureau of Labor Statistics)

  • Brett Matsumoto

    (Bureau of Labor Statistics)

  • Scott Curtin

    (Bureau of Labor Statistics)

Abstract

We distribute Personal Consumption Expenditures (PCE) across households in the U.S. using microdata from the Consumer Expenditure Surveys (CE) for the period 2017–2021. Since the CE mainly collects data on out-of-pocket spending, we supplement it with imputations based on other survey and administrative data to better match PCE definitions, particularly with respect to health care. Over the study period, out of the total PCE (excluding expenditures by non-profits serving households), the bottom 20% accounted for between 8.4% and 9.5%, while the top 20% accounted for 39.4–41.6%. The 90/10 ratio for equivalized PCE ranged from 3.3 to 3.7, and the Gini coefficient from 0.31 to 0.33.

Suggested Citation

  • Thesia I. Garner & Robert Martin & Brett Matsumoto & Scott Curtin, 2024. "A distributional approach to U.S. personal consumption expenditures: an overview," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 59(3), pages 166-173, July.
    • Handle: RePEc:pal:buseco:v:59:y:2024:i:3:d:10.1057_s11369-024-00358-2
    DOI: 10.1057/s11369-024-00358-2
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    References listed on IDEAS

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    1. ., 2023. "Elements for the analysis of economic decisions," Chapters, in: Decisions, Preferences, and Heuristics, chapter 4, pages 67-151, Edward Elgar Publishing.
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    More about this item

    Keywords

    Distribution; Personal consumption expenditures; Consumer expenditure survey;
    All these keywords.

    JEL classification:

    • D3 - Microeconomics - - Distribution
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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