PORTLAND — A federal agency report shows that Maine residents spent 3.5 percent more per person on household expenditures in 2014 than they did in 2013.
The Portland Press Herald reports a federal Bureau of Economic Analysis report released Tuesday shows residents spent roughly $1,400 more per person last year on necessities compared to the year before.
Nationally, people spent 4.2 percent more on household expenditures. In New England that number was 4.1 percent.
Tuesday’s report is the agency’s first release on state-level household spending, encompassing goods and services bought by individual households, spending on health care, and some other expenses.
An economist at a Maine research firm says the relatively slow pace of spending growth reflects the state’s aging population.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.