An estimated 28% of Americans’ annual spending is on discretionary goods and services, according to Experian Simmons. The typical U.S. household spends $12,800 on purchases such as entertainment, dining out, and personal care. Nearly half of U.S. households (52%) spend less than $10,000 on discretionary purchases each year, including 35% who spend less than $7,000. Some 6% of homes spend at least $30,000.
Source: Experian Simmons, Jennifer Marshall, 955 American Ln., Schaumburg, IL 60173; 224-698-8798; jennifer.marshall@experian.com; www.experian.com.
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