The Average U.S. Household Budget in One Chart \ stacker news ~charts_and

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The Average U.S. Household Budget in One Chart

371 sats \ 11 comments \ @jakoyoh629 10 Jan charts_and_numbers

This chart shows what the average U.S. household budget looks like by tracking where all income goes to, including expenditures, savings, and taxes.

The data comes from The Motley Fool, with annual figures for 2023 converted to monthly spending.

https://www.visualcapitalist.com/average-u-s-household-budget-in-one-chart/

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90 sats \ 0 replies \ @freetx 10 Jan

savings $871 taxes $1161

sad state of affairs...

38 sats \ 1 reply \ @SimpleStacker 10 Jan

I'd be much more interested in the median than the average. For these statistics, the average is only useful as a mathematical convenience (total = average*#units). But the median gives you a much better sense of how the typical person lives.

30 sats \ 0 replies \ @Bell_curve 10 Jan

average looks too high anyway

from the article: For context, median household income for that same year stood at $80,610, about $20,000 lower than the average.

21 sats \ 4 replies \ @Bell_curve 10 Jan

The average seems high for a month

average household income is $101k per year?

13 sats \ 0 replies \ @Longtermwizard 10 Jan

That's a lot of money!

0 sats \ 2 replies \ @jakoyoh629 OP 10 Jan

All figures listed are averages and do not account for variances between states with significantly different costs of living.

Additionally this chart breaks down the average pre-tax household income by month. And averages can be skewed by ultra-wealthy outliers in the country with significantly larger expenses.

For context, median household income for that same year stood at $80,610, about $20,000 lower than the average.

13 sats \ 1 reply \ @Longtermwizard 10 Jan

That's still a lot of money man.

0 sats \ 0 replies \ @Bell_curve 10 Jan

these averages are not interesting because they don't tell us anything valuable

something more useful would be average or median retirement savings by age 59.5

average or median wealth or net worth

0 sats \ 0 replies \ @Aardvark 10 Jan

Where's the big slice of pie that says bitcoin?

0 sats \ 1 reply \ @nym 10 Jan

I know a lot of folks that spend a lot more than that on groceries.

10 sats \ 0 replies \ @realBitcoinDog 10 Jan

Where is the Coke Zero budget?