Spending · 2023
Personal insurance & pensions
The average U.S. household spends $9,606 a year on personal insurance & pensions — about 13% of the budget (2023).
$9,606
Avg per year
13%
Of total budget
+34%
Since 2019
Personal insurance & pensions by income (before tax)
Under $30k$2,932
$30k–50k$3,158
$50k–70k$5,371
$70k–100k$8,369
$100k–150k$13,764
$150k+$27,163
Personal insurance & pensions by age of reference person
Under 25$5,145
25–34$10,468
35–44$13,300
45–54$14,948
55–64$11,031
65–74$4,352
75+$1,844
Personal insurance & pensions by region
Northeast$11,025
Midwest$9,278
South$8,354
West$11,247
Personal insurance & pensions by housing tenure
Owner, with mortgage$14,870
Owner, no mortgage$6,888
Renter$6,197
Other$4,149
Personal insurance & pensions — FAQ
How much do Americans spend on personal insurance & pensions?+
In 2023, the average U.S. household spent $9,606 per year on personal insurance & pensions — about 13% of total spending (BLS Consumer Expenditure Survey).
Has personal insurance & pensions spending changed since 2019?+
Average personal insurance & pensions spending went from $7,170 in 2019 to $9,606 in 2023 — a +34% change (nominal dollars).
Where does this come from?+
The U.S. Bureau of Labor Statistics Consumer Expenditure Survey (Interview + Diary, integrated). Independent estimates computed from the CE PUMD microdata (re-derived from UCC-level detail); major categories track BLS's published tables within a few percent. PUMSdata is not affiliated with BLS.