In 2022, when the world was hit with a wave of inflation, consumers in the United States across all income brackets spent slightly more money on essentials compared to the previous year. Americans with a household income between 50,000 and 150,000 U.S. dollars, for instance, spent roughly 36 percent of their retail spending capacity on essential items. In 2021, this figure stood at roughly 34 percent.
Percentage of retail spending consumers allocated to essentials in the United States in 2021 and 2022, by household income
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National Retail Federation. (October 18, 2022). Percentage of retail spending consumers allocated to essentials in the United States in 2021 and 2022, by household income [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1372976/retail-spending-used-for-essentials-by-income-usa/
National Retail Federation. "Percentage of retail spending consumers allocated to essentials in the United States in 2021 and 2022, by household income." Chart. October 18, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1372976/retail-spending-used-for-essentials-by-income-usa/
National Retail Federation. (2022). Percentage of retail spending consumers allocated to essentials in the United States in 2021 and 2022, by household income. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1372976/retail-spending-used-for-essentials-by-income-usa/
National Retail Federation. "Percentage of Retail Spending Consumers Allocated to Essentials in The United States in 2021 and 2022, by Household Income." Statista, Statista Inc., 18 Oct 2022, https://www.statista.com/statistics/1372976/retail-spending-used-for-essentials-by-income-usa/
National Retail Federation, Percentage of retail spending consumers allocated to essentials in the United States in 2021 and 2022, by household income Statista, https://www.statista.com/statistics/1372976/retail-spending-used-for-essentials-by-income-usa/ (last visited November 22, 2024)
Percentage of retail spending consumers allocated to essentials in the United States in 2021 and 2022, by household income [Graph], National Retail Federation, October 18, 2022. [Online]. Available: https://www.statista.com/statistics/1372976/retail-spending-used-for-essentials-by-income-usa/
