# 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). 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.

## 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.
- Figures last updated on 2026-10-12.

- Indicator id: `avg_household_spending_insurance_pensions_usd`
- Unit: USD
- Note: 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.
- Web page: https://invokely.ai/en/household-spending-insurance-pensions
- API: https://invokely.ai/api/v1/indicators/avg_household_spending_insurance_pensions_usd

## Latest figures

| Place | Period | USD | Source |
|---|---|---:|---|
| United States | 2024 | 9,797 | U.S. Bureau of Labor Statistics. Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M). https://download.bls.gov/pub/time.series/cx/cx.data.1.AllData. Retrieved 2026-10-12. |