American household spending has gone up by 23.4% on average. This was spurred by the pandemic and many people receiving stimulus checks.
Check Out: 9 Easiest Ways To Maximize Your Savings in 2024
Discover More: 7 Little Luxuries To Buy at Marshalls This Fall
Though economists expected a halt at some point, it seems Americans have kept spending since the pandemic, despite inflation . Though, the items they’re buying aren’t all leisure items. The top purchases Americans are spending money on are financial services, insurance and healthcare. Only after those are taken care of do clothing and footwear make an appearance, according to the U.S. Bureau of Economic Analysis.
However, some states have been spending more on household essentials than others. GreenImprove analyzed a study of household spending by state between 2018 and 2022. Here are the 10 states that had the biggest increases.
Also see what the average American spends on 25 everyday items.
Utah
Utah’s spending went up 32%. Utah’s per-capita personal consumption expenditures went up to $48,189 — a jump of about $11,000 over the five-year period.