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Consumer Expenditure Survey

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New tool shows bottom half of U.S. households run deficits after basic costs, BLS data reveals

A newly launched interactive analysis built on BLS Consumer Expenditure Survey data from 2000-2024 finds that the bottom 50% of U.S. households by income spend more than they earn once essential costs are covered. The tool reproduces official quintile-level averages for income, taxes and spending exactly, while offering adjustable what-if scenarios for finer breakdowns like deciles, childcare costs, and wealth taxes that aren't directly reported by BLS. It also flags several data inconsistencies, such as a 2013 methodology shift in tax estimation and missing 2024 after-tax figures, and includes inflation-adjusted projections for 2025-2026 since BLS hasn't yet published that data.