Household spending represented the largest component of U.S. total spending.

Name: Household spending represented the largest component of U.S. total spending.
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According to the Bureau of Economic Analysis, household spending (also known as personal consumption expenditures) represented approximately 68% of total U.S. spending in 2020. This includes spending on goods and services such as food, housing, healthcare, and transportation by households and non-profit organizations serving households.

Household Spending Represented the Largest Component of U