Tuesday, June 11, 2019

U.S. Households Might Spend 1.2% to 2.8% of Household Income on Voice Services

According to U.S. Bureau of Labor Statistics data, households headed by an occupant who did not graduate from high school spend a bit less than three percent of household income (2.8 percent) on phone service.

Households headed by an occupant with a graduate degree tend to spend about 1.2 percent of household income on phone service.

The differences seem to flow from household income, which BLS data shows varies directly with educational level.

It is not clear how spending on video services and internet access varies with educational level and income, as those services seem not to be directly tracked by BLS.

Household Spending, Homes Headed by Occupant with Less than High School Education, $28,245 in spending (98.5% of total income), 2.2 people (0.7 income earners, 0.6 children, and 0.5 seniors)

Household Spending, Homes Headed by Occupant with a High School diploma, $35,036 in spending (87.3% of total income), 2.3 people (1.0 income earners, 0.6 children, and 0.4 seniors)

Households headed by high school graduates, with income of $40,147 and 2.3 occupants spend about the same--2.7 percent of income--on phone services.

Households headed by an occupant with a bachelor’s degree, with $92,409 in income, spend about 1.7 percent of income on phone services.

Household Spending, Homes Headed by Occupant with a Bachelor’s Degree, $63,373 in spending,  2.5 people (1.5 income earners, 0.6 children, and 0.4 seniors)

Households headed by an occupant with a graduate degree spend about 1.2 percent of income on phone services.

Household Spending, Homes Headed by Occupant with a Graduate Degree, $83,593 in spending (62.9% of total income), average of 2.6 people (1.5 income earners, 0.6 children, and 0.4 seniors)


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