Communications 1999

Assignment #6 – Money & You
Income and Expenses
Data for use in part 2

The data in the tables below show the average 1997 income and expenses for households headed by people aged 18-24.  They are excerpted from the Bureau of Labor Statistics' Consumer Expenditure Survey.  Click here to display the entire table from which the data below comes.

Number of households in sample

7,501,000

Average income before taxes

$15,666

Average personal taxes paid

660

Average income after taxes

15,005

Average annual expenses

$18,450

Average age of householder

21.2

Average number in household:

Persons

1.8

Children under 18

0.4

Earners

1.2

 

Householder percentages

% Male

49

% Female

51

% homeowner

9

% Renter

91

% Black

13

% White and other

87

Householder educational attainment percentages

% Elementary (1-8)

2

% High school (9-12)

33

% College

64

 

Average annual expenses (breakdown)

Food

$2,838

Alcoholic beverages

253

Housing

5,860

Apparel and services

1,247

Transportation

3,734

Health care

425

Entertainment

1,051

Personal care products and services

292

Reading

64

Education

1,114

Tobacco products and smoking supplies

200

Miscellaneous

275

Cash contributions

157

Personal insurance and pensions

940

 

Average income before taxes (breakdown)

Wages and salaries

$13,098

Self-employment income

434

Social Security, private and government retirement

123

Interest, dividends, rental income, other property

155

Unemployment and workers compensation

66

Public assistance, supplemental security income

425

Regular contributions for support

714

Other income

651

 

Average personal taxes paid (breakdown)

Federal income taxes

516

State and local income taxes

143

Other taxes

1