In this episode we will talk about
- Where the average american spends their money according to the Bureau of Labor Statistics – particularly the big 3 areas.
- How can we as consumers do a better job of spending and planning in those areas
The Largest Spending Categories for the Average American Consumer
- Housing – $19,884 (33.1%)
- Transportation – $9,576 (15.9%)
- Food – $7,729 (12.9%) – 3459 eating out
- Personal insurance and pension – $6,771 (11.3%)
- Healthcare – $4,928 (8.2%)
- Entertainment – $3,203 (5.3%)
- Other expenses – $2,214 (3.7%)
- Cash contributions – $1,873 (3.1%)
- Apparel and services – $1,833 (3.1%)
- Education – $1,491 (2.5%)
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