University uncovers personal expenditure of American on transportation comparison

Total transportation expenditures in 2016 corresponded to 15.8% of all personal expenditures, down from 18.9% in 1989. Meanwhile, analogous trends were present for the lowest and highest quintiles of income, according to a new report by the University of Michigan’s Transportation Research Institute. The report is based on data from the Consumer Expenditure Survey and performed by the Census Bureau for the Bureau of Labour Statistics.
October 3, 2017 Read time: 2 mins

Total transportation expenditures in 2016 corresponded to 15.8% of all personal expenditures, down from 18.9% in 1989. Meanwhile, analogous trends were present for the lowest and highest quintiles of income, according to a new report by the 5594 University of Michigan’s Transportation Research Institute.

The report is based on data from the Consumer Expenditure Survey and performed by the Census Bureau for the Bureau of Labour Statistics. It compared expenditures for all households as well as those at two extremes of income in 1989 and 2016.

Other findings include a higher relative expenditure for gasoline and motor oil for the lowest quintile of income than for the highest quintile of income. Secondly, transportation accounted for the second largest budget category in both 2016 and 1989. Meanwhile, transportation expenditures relative to the expenditures for housing and food decreased. In addition, transportation expenditures for the lowest quintile of income were lower than food expenditures in both years, contrasting transportation expenditures for the highest quintile of income were higher than food expenditures in both years. Finally, transportation expenditure adjusted for inflation decreased by 11.3% from 1989 to 2016.

For more information on companies in this article

Related Content

  • Passive RFID grows by 1.12 billion tags in 2014 to 6.9 billion
    October 31, 2014
    More than five years later than the industry had expected, market research and events firm IDTechEx find that the passive RFID tag market is now seeing tremendous volume growth. Market research and events firm IDTechEx find that the passive RFID tag market is now seeing tremendous volume growth - more than five years later than the industry had expected. Most of the growth is based on retailer adoption of UHF RFID for shelf-level stock replenishment, with the latest example being fashion retailer Zara r
    Read More
  • ACE report: private sector and user-pay for English roads
    May 16, 2018
    It’s one minute to midnight for funding England’s roads, according to a timely new report - and the clock’s big hand is pointing to some form of user-pay solution, reports David Arminas. Is there any way out of future user-pay funding for England’s highway infrastructure? The answer is a resounding ‘no’, according to the recently-published report Funding Roads for the Future. The 25-page document by the London-based Association for Consultancy and Engineering (ACE) calls for a radical rethink about how to
    Read More
  • China's RFID market value forecast to reach US$4.3 billion by 2025
    May 26, 2015
    According to a new report by IDTechEx, RFID in China 2015-2025, not only will the use of RFID in China become a US$4.3 billion market in 2025, but that figure will almost double if the value of tags and readers made in the country and exported elsewhere is included. Already in 2015 China had 85 per cent of the global manufacture capacity of RFID tags, with over 150 RFID companies operating in the country.
    Read More
  • Countering truckers’ parking conundrum
    May 3, 2017
    Colin Sowman hears about a new truck parking information system being piloted across eight states. Legislation limits truck drivers’ hours with the result that they are often caught in a situation where they need to stop either for a break or an overnight rest. But as truck parking is in short supply, truck drivers spend an average of 56 minutes a day searching for available spaces and are often faced with the choice of driving beyond their permitted hours or parking illegally.
    Read More

Highlighted Content