Federal data finds Wisconsin more frugal than coastal states
The statistics cover a 16-year span from 1997 to 2012
MILWAUKEE (AP) — A new study has found Wisconsin residents are less likely to splurge on fancy cars, homes and five-star meals than their counterparts on the East and West coasts.
The data from the U.S. Bureau of Economic Analysis determined the state’s residents spent an average of $34,721 on household goods, utilities and general personal consumption in 2012, below the national average and much less than big spenders like Massachusetts’ average of $47,308. The District of Columbia beat out at 50 states in personal per capital spending, with an average of $59,423 spent in 2012.
The Milwaukee Journal Sentinel reports the findings are part of the first data set of its kind created by the federal agency.
The statistics cover a 16-year span from 1997 to 2012.