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From Home Furnishing Business
Fast Fact: Managers and Professionals are Top Furniture Spenders, Control 36% of Expenditures
September 3,
2019 by Laurie Northington in Business Strategy, Industry 
The majority of top-spending furniture consumers are high-earning married consumers, in their late 30s and early 40s with young children, living in urban areas, according to data from the U.S. Bureau of Labor Statistics’ 2017 Consumer Expenditure Survey.
By occupation type, managers and professionals had the highest average annual expenditure at $740, 41 percent more than the second highest spender, construction workers and mechanics. Construction workers and mechanics spent an annual average of $523 in 2017, slightly more than self-employed workers at $516.
Managers and professionals also control 35.5 percent of total furniture expenditures, while retired Baby Boomers are second, with 16.9 percent of sales. Technical, sales and clerical workers spend just $476 annually, but their industry presence is at 13.8 percent of total dollars.
Service workers, also among the lowest in expenditures at $407, still represent 10.5 percent of industry sales.
For an in-depth look at furniture expenditures by occupation, click here.