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Percentage of retail spending consumers allocated to essentials in the United States in 2021 and 2022, by household income

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Sources

Release date

October 2022

Region

United States

Survey time period

January 2019 to November 2022

Supplementary notes

The source defines essentials as spending at grocery stores, supermarkets, convenience stores, drug stores, and pharmacies.

Citation formats

Share of retail spending used for essentials in the U.S. 2021-2022, by income

Published by
F. Watty,
Mar 17, 2023
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 * and ** U.S. dollars, for instance, spent roughly ** percent of their retail spending capacity on essential items. In 2021, this figure stood at roughly ** percent.
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