Consumption in Today's Dollars
The values for consumption spending are all the same in the report as the "smoothing" effect is working. I know it says that these figures are in "today's dollars" but how does that allow you to figure out how much you are allowed to spend in 'real dollars' each year?
RSS
Actually, those are "real" dollars you are looking at--aka, "inflation adjusted dollars." So if you are consuming $50K in today's dollars for the rest of your life, those dollars will, in nominal terms, be more than that in the future, but they will carry the purchasing power of $50K in real (inflation adjusted) terms. Keeping them in today's terms means you don't have to do a mental or side calculation to find out what those future dollars really mean in terms of purchasing power.
Dan