Data / Average annual household spending on personal insurance and pensions / United States

Average annual household spending on personal insurance and pensions in United States

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. That is up 2.5% from 2023.

2024, USD9,797
Change on 2023+2.5%
Series high9,7972024
Series low1,8971984

Next release: Thursday, 29 October 2026, 10:00 ET, announced by BLS. Release calendar

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Average annual household spending on personal insurance and pensions in United States, 1984 to 2024

02,0004,0006,0008,00010K19841990199620022008201420241984: 1,897 USD1985: 2,016 USD1986: 2,127 USD1987: 2,175 USD1988: 2,249 USD1989: 2,472 USD1990: 2,592 USD1991: 2,787 USD1992: 2,750 USD1993: 2,908 USD1994: 2,938 USD1995: 2,964 USD1996: 3,060 USD1997: 3,223 USD1998: 3,381 USD1999: 3,436 USD2000: 3,365 USD2001: 3,737 USD2002: 3,899 USD2003: 4,055 USD2004: 4,823 USD2005: 5,204 USD2006: 5,270 USD2007: 5,336 USD2008: 5,605 USD2009: 5,471 USD2010: 5,373 USD2011: 5,424 USD2012: 5,591 USD2013: 5,528 USD2014: 5,726 USD2015: 6,349 USD2016: 6,831 USD2017: 6,771 USD2018: 7,296 USD2019: 7,165 USD2020: 7,246 USD2021: 7,873 USD2022: 8,742 USD2023: 9,556 USD2024: 9,797 USD02,0004,0006,0008,00010K19841998201220241984: 1,897 USD1985: 2,016 USD1986: 2,127 USD1987: 2,175 USD1988: 2,249 USD1989: 2,472 USD1990: 2,592 USD1991: 2,787 USD1992: 2,750 USD1993: 2,908 USD1994: 2,938 USD1995: 2,964 USD1996: 3,060 USD1997: 3,223 USD1998: 3,381 USD1999: 3,436 USD2000: 3,365 USD2001: 3,737 USD2002: 3,899 USD2003: 4,055 USD2004: 4,823 USD2005: 5,204 USD2006: 5,270 USD2007: 5,336 USD2008: 5,605 USD2009: 5,471 USD2010: 5,373 USD2011: 5,424 USD2012: 5,591 USD2013: 5,528 USD2014: 5,726 USD2015: 6,349 USD2016: 6,831 USD2017: 6,771 USD2018: 7,296 USD2019: 7,165 USD2020: 7,246 USD2021: 7,873 USD2022: 8,742 USD2023: 9,556 USD2024: 9,797 USD
USD. Source: BLS, Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M). Retrieved 2026-10-12, published 2025-12-19.
All 41 values
PeriodUSD
20249,797
20239,556
20228,742
20217,873
20207,246
20197,165
20187,296
20176,771
20166,831
20156,349
20145,726
20135,528
20125,591
20115,424
20105,373
20095,471
20085,605
20075,336
20065,270
20055,204
20044,823
20034,055
20023,899
20013,737
20003,365
19993,436
19983,381
19973,223
19963,060
19952,964
19942,938
19932,908
19922,750
19912,787
19902,592
19892,472
19882,249
19872,175
19862,127
19852,016
19841,897

Definition

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.

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How to cite

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.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

U.S. Bureau of Labor Statistics. (2025). Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M) (Average annual household spending on personal insurance and pensions, United States, 1984 to 2024) [Data set]. Retrieved October 12, 2026, from https://download.bls.gov/pub/time.series/cx/cx.data.1.AllData

MLA 9

Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M), Average annual household spending on personal insurance and pensions, United States, 1984 to 2024. U.S. Bureau of Labor Statistics, 19 Dec. 2025, https://download.bls.gov/pub/time.series/cx/cx.data.1.AllData. Invokely, https://invokely.ai/en/household-spending-insurance-pensions/united-states. Accessed 12 Oct. 2026.

Chicago (author-date)

U.S. Bureau of Labor Statistics. 2025. Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M). Average annual household spending on personal insurance and pensions, United States, 1984 to 2024. Dataset. Accessed October 12, 2026. https://download.bls.gov/pub/time.series/cx/cx.data.1.AllData. Also distributed by Invokely, https://invokely.ai/en/household-spending-insurance-pensions/united-states.

Harvard

U.S. Bureau of Labor Statistics (2025) Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M), Average annual household spending on personal insurance and pensions, United States, 1984 to 2024 [Dataset]. Available at: https://download.bls.gov/pub/time.series/cx/cx.data.1.AllData, via Invokely: https://invokely.ai/en/household-spending-insurance-pensions/united-states (Accessed: 12 October 2026).

BibTeX
@misc{bureau_average_annual_household_spending_2024,
  author = {{U.S. Bureau of Labor Statistics}},
  title = {{Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M): Average annual household spending on personal insurance and pensions, United States, 1984 to 2024}},
  year = {2025},
  howpublished = {Data set},
  url = {https://download.bls.gov/pub/time.series/cx/cx.data.1.AllData},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/household-spending-insurance-pensions/united-states. Publisher attribution: 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.},
}
RIS
TY  - DATA
AU  - U.S. Bureau of Labor Statistics
TI  - Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M): Average annual household spending on personal insurance and pensions, United States, 1984 to 2024
PY  - 2025
DA  - 2025/12/19
PB  - U.S. Bureau of Labor Statistics
DB  - Invokely
UR  - https://download.bls.gov/pub/time.series/cx/cx.data.1.AllData
L2  - https://invokely.ai/en/household-spending-insurance-pensions/united-states
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/household-spending-insurance-pensions/united-states.
N1  - Publisher attribution: 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.
ER  -
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Questions

What is the average annual household spending on personal insurance and pensions in United States?

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. That is up 2.5% from 2023.

Where does this figure come from?

U.S. Bureau of Labor Statistics. Consumer Expenditure Surveys: average annual expenditures on personal insurance and pensions, all consumer units (CXUINSPENSNLB0101M). Retrieved by Invokely on 2026-10-12.

What was the highest average annual household spending on personal insurance and pensions in United States?

$9,797 in 2024, the highest value since 1984 in this series.

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