News

Illinois Consumer Spending Up Dramatically

Illinois Consumer Spending Up Dramatically

Photo: clipart.com

Just a year after they had seen the worst of the Great Recession, Illinois consumers were spending more than they were before the economic downturn.

New federal data show that the average Illinois resident’s consumer spending has also grown faster than the average American consumer since that 2009 low. Data from the U.S. Bureau of Economic Analysis released Thursday show spending by the average Illinois consumer increased 11.3 percent between 2009 and 2012. That’s ahead of the country’s 10.7 percent growth.

People in Illinois spent, on average, $36,292 each on consumer goods in 2012. The average for all Americans was $35,498.

The largest expenses were for health care and housing and utilities. Each of those two cost more than $6,000 per person in Illinois.

Recent Headlines

30 mins ago in Local

Full Text of Obama’s Speech to Legislature

Fresh
Obama Springfield 4

Following is the text, as provided by The White House, of President Obama’s speech to the Illinois General Assembly. 1:03…

40 mins ago in Local

LISTEN: President Obama’s Full Speech at Hoogland Center for the Arts

Fresh
Obama Springfield AP 3

Click here for President Obama's remarks at the Hoogland Center for the Arts

48 mins ago in Local

Lawmakers, Current and Past, React to Obama Speech

Fresh
Obama Springfield AP

President Barack Obama visited Springfield Wednesday and had a lot to say to the General Assembly and Governor Rauner.

6 hours ago in Local

Obama: Citizens Are Turned Off By Current “Poisonous Political Climate” In U.S.

Obama speaks about the sequester in Washington

In his address, President Obama says people around the country are turned off by current "poisonous political climate."

7 hours ago in Local

Obama Reminiscing About Days In Illinois Legislature

Obama speaks about the sequester in Washington

President Obama reminisces about his days in the Illinois legislature.