There’s enough said, written and picturized on the concept of the Great American Dream, America the land where everything is attainable. Well, sure, everything is attainable – Americans spent approximately $10.7 trillion in 2016 on shopping alone! In fact, an average American spends an average of $68,000 annually, which means almost no savings.
Here’s a hard category-wise look at how the monthly paycheck is spent – a sad commentary on the spending and saving capacity of most Americans. What’s more, outstanding credit card debt has also gone through the roof! Time to reassess spends?
How Much Money Americans Are Spending?
Infographic by – PersonalMoneyService