- Associated Press - Wednesday, December 2, 2015

PORTLAND, Maine (AP) - 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 (https://bit.ly/1XGzl6g ) a federal Bureau of Economic Analysis report released on 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.



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Information from: Portland Press Herald, https://www.pressherald.com

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