How the Average American Spends Their Money

Treyton DeVore
February 22, 2023
Click to view interactive chart - Author: Preethi Lodha

Some thoughts

  • Across the board, the 3 biggest expenses are housing, transportation, and food. We're simple creatures.
  • Figure out the right levels of spending in those three areas and you can (essentially) do whatever you want elsewhere
  • We don't read much
  • Big Tobacco appears to be slowing down with Gen Z
  • Prepare for miscellaneous spending when doing retirement projections
  • Prepare for health care costs
  • Where's travel?
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