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Data Shows Consumer Spending Up in Iowa
DES MOINES, Iowa (AP) — New federal data shows that consumer spending in Iowa has grown slightly faster than the national average since the end of the recession.
The report from the U.S. Bureau of Economic Analysis released Thursday provides a state-by-state breakdown of spending. It shows that per capita spending in Iowa jumped 12 percent between 2009 and 2012. That's more than the national average of 10.7 percent, but less than states like North Dakota and Oklahoma that have seen spending skyrocket due to oil and gas drilling booms that have prompted big jumps in per-person income.
According to the data, in 2012, Iowans spent an average of $33,585 on consumer goods and services, compared with a national average of $35,498.
Consumer goods include food, gas, housing and health care.