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73 MLN Us Households Have Discretionary
73 MLN Us Households Have Discretionary
income
General
About 73 mln US households now have discretionary income,
up from about 57 mln in 2002, according to The Conference
Board. The% of the US population with discretionary income
has increased to nearly 64%, up from 52% in 2002. Total
discretionary income in the US topped $1.7 trillion in 2006, with
the household average at $24,335. Per capita income stood at
$9,148. Nearly 78% of all discretionary income is held by
households earning more than $100,000. Average discretionary
income for this segment, $66,451, is 2.7 times the national
average. The region with the wealthiest concentration of
households is New England (including Connecticut,
Massachusetts, Maine, New Hampshire, Rhode Island and
Vermont). About 63% of households have discretionary
income, with an average amount of $27,337. Household
discretionary income is lowest in the West North Central region
(including Iowa, Kansas, Minnesota, Missouri, Nebraska, North
Dakota and South Dakota). Average household discretionary
income in this region is $20,749.