Question

Which component of u.s. household spending has grown the most over the past ten years? spending on nondurable goods savings spending on durable goods spending on services taxes?

Answer 1

In the past ten years, the largest amount of growth has been seen in the expenditure on services. For example, in the period 2014-5, that expenditure grew by 3.4%. Comparatively, the other components of household expenditure showed relatively modest differential gains during the last 10-year period.