Description:
Total personal consumption expenditures in constant dollars, divided by the country’s total population.
Source:
Stanford Center on Poverty and Inequality, using data from the Bureau of Economic Analysis, National Income and Product Accounts Tables and U.S. Census Bureau Population Estimates. The table used from the Bureau of Economic Analysis is table 2.3.5.
Methodological Notes:
Personal consumption expenditures include spending on durable goods (such as motor vehicles and furniture), nondurable goods (such as food, clothing, and gasoline), and services (such as health care and restaurants). Expenditures are adjusted for inflation using the Consumer Price Index for All Urban Consumers Research Series (CPI-U-RS).