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Chart of the Day: Percent Spent on Healthcare

Chart illustrating the US Household spend on various consumer categories from 1929-2024, with healthcare highlighted in purple.

Contents

Today’s Chart of the Day from The New York Times shows the share of US household expenditures in various consumer categories, such as groceries, clothing, housing, and healthcare.

The chart highlights the spend on healthcare in purple, which went from a mere 2% in 1929 to 25% in 2024, and is now greater than the spend on groceries or housing. A trend that is positive, if the funds are spent thoughtfully and allow people to live healthier, longer lives, but troubling if the spending is done inefficiently and fails to deliver meaningful health outcomes.