The largest portion of U.S. personal income in 2012 was spent on _____

Question

Quizplus · Accepted Answer

According to the Bureau of Labor Statistics, in 2012 the largest portion of personal income was spent on services, which includes housing, healthcare, insurance, and other professional and personal services. This accounted for 56.5% of personal consumption expenditures. Taxes and savings were not included in personal consumption expenditures, and durable goods and nondurable goods made up smaller portions of personal consumption expenditures.

The Largest Portion of U