Average annual household spending on personal insurance and pensions
Average annual spending on personal insurance and pensions per consumer unit in the United States, in current US dollars, from the Consumer Expenditure Surveys of the U.S. Bureau of Labor Statistics (series CXUINSPENSNLB0101M, all consumer units, mean).
More on how it is measured
- Premiums for life and other personal insurance (not health, home or vehicle insurance), and contributions to Social Security, pensions and retirement plans, including payroll deductions.
- BLS counts these contributions in total spending although they are closer to saving than to consumption.
- A consumer unit is a family, a financially independent person living alone or sharing a home, or two or more people living together who share major expenses; it is close to a household.
- Spending includes sales taxes and gifts and excludes purchases for business; a purchase counts in full when it is made, even if it is paid in installments.
An average per consumer unit, not per person: consumer units had 2.4 people on average in 2024. Current dollars, not adjusted for inflation. United States only. It measures what households pay themselves, so it is lower than personal consumption expenditures in the national accounts, which also count spending on behalf of households, such as employer-paid health insurance.
Key facts
- Average annual household spending on personal insurance and pensions in the United States was $9,797 in 2024, according to the U.S. Bureau of Labor Statistics.
- Published for 1 places, with figures from 1984 to 2024.
Places with data
Countries
Use this data in your AI agent
Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:
Which places have the highest average annual household spending on personal insurance and pensions? Use official data and cite it.
rank_places {"indicator":"avg_household_spending_insurance_pensions_usd","level":"country"}
GET https://invokely.ai/api/v1/rank?indicator=avg_household_spending_insurance_pensions_usd&level=country