The average household earned $84,352 a year and spent $70,258 a year, according to the BLS survey. The most recent data available is from 2020. Bureau of Labor Statistics (BLS) lists the average amount spent on everything from housing and transportation to entertainment, clothing and charitable contributions.
The Consumer Expenditure Survey published by the U.S. You can take stock of how your own budget compares by looking at the average American household budget. Other items commonly found in household budgets include education, child care, health care, retirement savings and entertainment. Many Americans spend a pretty penny each month to keep a roof over their heads, food on the table and a means of transportation. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.ī is an independent, advertising-supported publisher and comparison service. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.īankrate follows a strict editorial policy, so you can trust that our content is honest and accurate.
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