Food and housing costs hit 15-year high at nearly 50% of spending

A new report says we’re spending nearly half our paycheck just for basic needs.Food and housing accounted for nearly 50% of total U.S. consumer spending last year, according to a report from the Bureau of Labor Statistics.The combined spending share for food and housing reached its highest level in 15 years. Housing remained the largest single expense, accounting for nearly 34% of total spending.Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.