7  See Berger-Thomson L, Chung E and R McKibbin (2009), “Estimating Marginal Propensities to Consume in Australia Using Micro Data”, RBA Research Discussion Paper No. 2009–07  BIS central bankers’ speeches  7  The second longer-term change is a decline in the share of spending on goods and an increase in the share of spending on (non-housing) services.
For example, in the early 1980s, spending on clothing, footwear, household equipment and furniture totalled around 14 per cent of total household expenditure. Today, the figure is just over 8 per cent. In contrast, there have been substantial rises in the shares of total expenditure accounted for by health, education and a range of household and personal services.