Infographic of the Day: How The Average American Spends Their Money

April 29th, 2013
in econ_news, syndication

According to the U.S. Bureau of labor Statistics, Americans spent $10.7 trillion shopping. Some estimate that could buy 2,000 aircraft carriers, 300 private islands and have enough dough left over to buy a summer home in the Catskills.

Have you ever wondered how the average American budgets their available income? This infographic depicts how we spread out our paychecks over a typical month.

Follow up:

Consolidated Credit Counseling Services, Inc. says, “The amount of money you spend on various parts of your budget plays an important role in determining your financial health. In addition to how much of your income is used to pay off debt, the amount of money that’s used for regular monthly expenses can determine if you are making headway in achieving your financial goals. Spending too much money in just one area of your budget can limit the cash you have for saving, investing and reaching your goals.



F. Scott Fitzgerald was right when he wrote that, "Let me tell you about the very rich. They are different from you and me."? The interesting part is that the rich and poor alike share the same geography although they spend their monies much differently.
In this Forbes article it points out how the rich and not so rich spend their wealth.
How Americans Make And Spend Their Money

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved