Home > Looking at Spending Compared with US Averages

Looking at Spending Compared with US Averages

July 31st, 2006 at 05:13 pm

Compared to US Averages (info from BLS, based on CPI)

US averages: 40% on housing & utilities, 18% on transportation, 16% on food & drink, 6% each on medical care, recretion, education & communication, & other, 4% on clothing.

Mine: 30% on housing & utilities, 13% on transportation, 18% on food & drink, 5% on medical, 3% on recreation, 6% on education & communication, 1% on clothing, and 24% on other (my biggest "other" categories are pet expenses and unreimbursed business expenses, which are books and films I use in teaching).

Barely present in mine in the current year (but to change with the resumption of paychecks in September) and absent in the US averages are SAVINGS (where the U.S. average is now in negative territory...can you believe that on average, people now spend more than they earn? Not just the occasional spendthrift, but on average!!!!

1 Responses to “Looking at Spending Compared with US Averages”

  1. Bookie Says:

    The savings rate statistics are disturbing, particularly when seen in view of the escalating debt load carried by the average family. As a society we have begun to cannibalize our assets to support our current living standard. That cannot continue indefinitely.

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