According to the Bureau of Labor Statistics, Americans spend about
1 percent of their gross annual income
on alcohol. For the average household, that’s $565 a year, $5,650 in 10 years, or a whopping $22,600 over a 40-year period. It’s worth noting that $565 per year breaks down to about $11 a week.
How much money is spent each year on alcohol?
U.S. Beverage Alcohol Spending Hits
$253.8 Billion in 2018
, +5.1% versus 2017. Consumers continued to increase spending in the beverage alcohol category with overall spending at $253.8 Billion – an increase of $12.4 Billion, +5.1%.
How much money did Americans spend on alcohol?
According to the Bureau of Labor Statistics’ 2019 Consumer Expenditure Survey data, the average consumer unit in the U.S. spends
$579 on alcohol annually
. But on certain holidays, they spend significantly more than they do on any other day of the year.
Who spends the most money on alcohol?
The biggest spenders on alcoholic beverages are
householders aged 45 to 54
, who spend 22 percent more than the average household on alcohol. The 45-to-54 age group spends more than others on wine, whether consumed at home or in bars and restaurants.
What holiday has the most alcohol sales?
On
New Year’s Eve
, Americans spent 159% more at liquor stores than on an average day, making it the biggest day of the year for liquor stores, nationally. Christmas Eve was not far behind at all, though, with a 151% increase in total consumer spending.
How much do people spend on drinking?
Average consumer spending on alcohol varies by metro area, however. Depending on the city, the average spending on alcoholic beverages ranges from as
little as $512 per person per year to as much as $1,218
.
What state spends the most money on alcohol?
New Hampshire
is currently the state with the highest per capita alcohol consumption in the United States.
Why is alcohol so expensive?
Higher taxes make alcohol more expensive
. More expensive alcohol makes people drink less of it. … The tax rate for wine and liquor nearly doubled, while the beer rate rose by a more modest 25 percent. While steep in and of themselves, the tax hikes had a modest impact on retail prices of alcohol.
What is the biggest drinking holiday in America?
The day before Thanksgiving—
known as Blackout Wednesday
—is the biggest drinking day of the year in many areas of the United States.
What is the biggest drinking night of the year?
Thanksgiving Eve
is widely known as the ‘biggest drinking night of the year’ The night before Thanksgiving is widely known as the biggest drinking night of the year.
What is the biggest drinking night in the United States?
As we mentioned last year,
Thanksgiving Eve
is the biggest drinking night of the year.
How much does the average 25 year old drink?
Findings showed that the amount that people drink usually peaks at around 25 years old at about
20 units
(about 10 drinks, as we think of them) a week for men and seven or eight units (three to four drinks) for women. But the frequency of drinking increases as people age, especially for men.
How much do people spend on alcohol in a lifetime?
Remember, we calculated that a heavy drinker could spend $60,000-$100,000 on alcohol in just 20 years. Over a lifetime, this
could mean hundreds of thousands
. If we’re looking at the big picture, a $20,000 stay in a treatment facility is far less expensive.
How much do millennials spend on alcohol?
According to the survey, millennials tend to spend on
average $300 a month
on alcohol.
What is the drunkest state?
While Utah came out as the least-drunk state in America, with just 12.2% of its population drinking excessively,
Wisconsin
was ranked as the drunkest state, with a whopping 24.2% of its population drinking excessively – five percent higher than the national average.
What US city has the highest alcohol consumption?
The drunkest city in the United States is
Green Bay, Wisconsin
. Approximately 26.5% of adults drink to excess.
