The average American household spends $37,782 per year (excluding housing expenses, such as mortgage or rent payments), according to Bundle. They spend 23% of their budget on shopping ($8,668); 21% on health and family expenses including insurance, childcare, and school costs ($8,026); 17.5% on food and drink ($6,514); 17% on house- and home-related goods and services ($6,398); 14.5% on transportation ($5,477); and 7% on travel and leisure ($2,699).
The cities with the highest spending are:
• Austin, TX ($67,076);
• Scottsdale, AZ ($64,687);
• San Jose, CA ($52,085);
• Arlington, VA ($52,085); and
• Plano, TX ($56,738).
Spending varies widely by household type. Not surprisingly, married households with children spend the most ($46,160), while single person households spend the least ($30,739 for single men and $25,928 for single women). [Consumer Spending & Attitudes]
Source: “How America Spends,” Bundle, Daniel Delson, 646-805-2036; www.bundle.com.
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