Are You Wondering Where Your Money Goes?

September 12th, 2008 | admin | posted in Finances | No Comments »

The short answer: Housing and transportation

Do you know how much you spend on what? The average American spends one-third of what they make on housing, and another fifth on transportation and gas.

These numbers represent what percentage of their annual take the average American spends on various necessities and luxuries.

  • Housing 32%
  • Transportation 18%
  • Food 13% (at home 7.7%, out 5.6%)
  • Health care 6%
  • Entertainment 5%
  • Gas 4%
  • Education 2%
  • Alcohol 1%

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