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How much does the average American spend?
So how much does the average American spend per year? According to the latest statistics, the average yearly expenses of a US consumer in 2019 is $63,036. This averages to $5,253 per month.
How much does the average American spend in 1 month?
The average monthly expenses among all households totaled $5,253, or $63,036 annually. That’s up 3\% from 2018.
What do people spend money on on a daily basis?
Not surprisingly, housing, groceries, utilities, transportation, and health insurance make up a large chunk of the average adult’s daily expenditures….What does the average American spend money on?
| Category | Average Daily Spending |
|---|---|
| Housing | $32.59 |
| Groceries | $11.95 |
| Utilities | $10.51 |
| Health insurance | $9.35 |
How much does the average American spend per year 2020?
For release: 10:00 a.m. (ET), Thursday, September 9, 2021 USDL-21-1617 Technical Information: (202) 691-6900 * [email protected] * www.bls.gov/cex Media Contact: (202) 691-5902 * [email protected] CONSUMER EXPENDITURES–2020 Average annual expenditures for all consumer units(1) in 2020 were $61,334, a 2.7-percent …
How much does a normal American earn?
What is the average American Wage? The average annual wage in 2019 in the US was $51,916.27, and the median annual wage was $34,248.45. The median wage is the wage “in the middle,” while average refers to the measure of central tendency for all the data.
What should a 12 year old spend their money on?
Here’s some ideas:
- Family vacation spending money.
- School field trip spending money.
- Homecoming expenses.
- Extra sports equipment beyond the essentials.
- Tickets to an amusement park.
How much does it cost to live in us?
What are the general living expenses for the USA? How much can you get by on?
| Living expenses in the USA (excluding rent) | New York average cost |
|---|---|
| Single person, per year | $13,200 |
| University student, per month | $794 |
| Four person family, per month | $4,045 |
| Four person family, per year | $48,540 |
How is the average American spends their paycheck?
Food: $7,203, which can be further broken down into $4,049 of food at home and $3,154 on food away from home. Alcoholic beverages: $484. Housing: $18,886, which includes mortgage payments or rent, property taxes, maintenance, utilities, household services and products, furnishings, and appliances. Apparel and services: $1,803. Transportation: $9,049.
How much television per day does the average American watch?
On average, American adults are watching five hours and four minutes of television per day. The bulk of that-about four and a half hours of it-is live television, which is television watched when originally broadcast. Thirty minutes more comes via DVR.
How much sleep does an average American get?
The average American gets nearly nine hours of sleep each day. Yes, you read that right. This is everyone but you, apparently.
How much American retirees spend in a year?
It’s always good to keep a little money set aside for such things. What does this mean for you? In all, this means the average American retiree (or those 65 and older) is spending about $3,700 per month — or about $44,600 per year . Using the 4\% rule, that would mean a nest egg of over $1 million would be needed to finance the “average” lifestyle.