How the Average American Spends Their Money

WHAT WE OWE s every month, ecret that Americans love to spend and our per-person debt look like: Here is a look at what some of that spending and onss, By aak mon e to there This LUGGAGE AND CLOTHING AND FOOTWEAR SIMILAR PERSONAL ITEMS SJJ.3 JEWELRY 79 AND PHARMACEUTICAL WATCHES AND OTHER MEDICAL PRODUCTS PERSONAL MUSICAL INSTRUMENTS CARE 1.76 PRODUCTS SPORTING EQUIPMENT, SUPPLIES, GUNS, AND AMMUNITION GROCERIES 107 63 RECREATIONAL BOOKS 30 Learn English EDUCATIONAL BOOKS CABLE AND SATELLITE TELEVISION AND RADIO SERVICES SPENDING ABROAD 1.66 FURNITURE VIDEO AND MEDIA RENTAL FURNISHINGS FURNITURE OA $4.90 FOREIGN TRAVEL CLOCKS, LAMPS, LIGHTING FIXTURES, AND OTHER 26 BY U.S. RESIDENTS HOUSEHOLD DECORATIVE ITEMS S392 CARPETS AND r OTHER FLOOR COVERINGS SU.75 TELEVISIONS WINDOWS COVERING S4 33 ALCOHOLIC BEVERAGES FOR HOME CONSUMPTION „27 63 TELEPHONE AND FACSIMILE JAG EQUIPMENT NONALCOHOLIC :18 BEVERAGES FOR HOME CONSUMPTION OTHER VIDEO MINERAL WATERS, SOFT DRINKS, AND VEGETABLE JUICES FOUIPMENT $75 75 AUDIO EQUIPMENT COFFEE, TEA AND OTHER BEVERAGE MATERIALSo HOUSEHOLD APPLIANCES 10 TOBACCO REPAIR OF FURNITURE, FURNISHINGS, AND FLOOR COVERINGS GLASSWARE, TABLEWARE, AND HOUSEHOLD UTENSILS RECREATIONAL MOTOR ITEMS VEHICLE PARTS AND ACCESSORIESi FLOWERS, SEEDS, AND POTTED PLANTS FILM AND PHOTOGRAPHIC SUPPLIES PETS AND RELATED PRODUCTS SUZ GAMES, TOYS, Or AND HOBBIES PERSONAL COMPUTERS Or AND PERIPHERAL EQUIPMENT NEW MOTOR VEHICLES SUL 85 COMPUTER SOFTWARE AND ACCESSORIES CALCULATORS, TYPEWRITERS, AND OTHER INFORMATION PROCESSING EQUIPMENT SU.65 MOTORCYCLES RECREATION SERVICES 94.45 SPECTATOR MUSEUMS AND LIBRARIES MEMBERSHIP CLUBS AND PARTICIPANT SPORTS CENTERS SU 79 LIVE ENTERTAINMENT, 0 EXCLUDING SPORTS $J.82 MOTION PICTURE THEATERS VETERINARY AND AMUSEMENT PARKS, OTHER SERVICES FOR PETS CAMPGROUNDS, AND RELATED RECREATIONAL :13m L02 SERVICES 134 36 130 FOOD SERVICES O PURCHASED MEALS AND BEVERAGES MEALS AND NONALCOHOLIC 14 BEVERAGES MEALS AT SCHOOLS .72 ALCOHOL IN 16 PURCHASED MEALS MAGAZINES, NEWSPAPERSSÖA48 10 ACCOMMODATIONS Or AND STATIONERY $23.37 HOUSEHOLD 30m SUPPLIES GAMBLING 0 $LJ44 CASINO GAMBLING LOTTERIES $4.91 %3D PARI-MUTUEL NET RECEIPTS HIGHER 32.9 EDUCATION SJL49 Y 13ME PROFESSIONAL AND 07 OTHER SERVICES TRANSPORTATION 00 SERVICES HOUSEHOLD UNILIMES 430.16 HOUSING (RENT OR MORTGAGE) SUUJ 43 HOUSEHOLD 65m UTILITIES DOMESTIC SERVICES PERSONAL 00 CARE SERVICES SLL44 RESIDENTIAL MENTAL HEALTH AND SUBSTANCE ABUSE LAUNDRY AND DRYCLEANING SERVICES 1847 FINANCIAL SERVICES AND INSURANCE POSTAL AND DELIVERY SERVICES sls 1.55 "410m HEALTH CARE TELECOMMUNICATION SERVICES 1453) CHILD CARE $0.68 BICYCLES AND ACCESSORIES TAXI NURSERY, ELEMENTARY, AND SECONDARY SCHOOLS TOOLS AN EQUIPMENT FOR HOUSE AND GARDEN $235,000 738% 8,04 9.05% 8.87% 8.85 11.2% 13.74% 1972 16.04% 1973 1974 1975 1976 1977 1978 1979 13.24% 13.88% 12439 10.19% 10.21% 10.32% 10.13% 9.25% 8.39% 1984 1986 1987 1988 1990 7991 1992 1997 1994 1995 1996 6.97% 6,54Po 5,83% 5.84% 799 1999 2000 2001 200 641% 200g 00s 6.03% % 5.04 4.69 4.45% 3.66% 200 2010 2011 2012 PER-PERSON CONSUMER DEBT This includes all consumer debt, from mortgage and auto loans to credit cards and student loans. $48 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1950 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 $1,026 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 $8,454 2011 2012 CREDIT CARD DEBT 4.762 AVERAGE CREDIT CARD DEBT PER CARDHOLDER AVERAGE NUMBER OF CARDS PER CREDIT CARDHOLDER 35 STUDENT LOAN DEBT AVERAGE STUDENT LOAN DEBT (FOR THE CLASS 26,600 OF 2011) SOURCES U.S. Bureau of Economic Analysis - Federal Reserve U.S. Census Bureau - Bankrate.com - projectonstudentdebt.org CREDITLOAN® REAL ANSWERS. REAL SOLUTIONS. -AND WHAT o G P nen isti tuiding it by the 7 vides WE SPEND debt exceeds $8.000. oney. The $2,000 worth a how did we come o y AN spe that penane AVERAGE NEW MORTGAGE AMOUNT THAT'S PARTIALLY THANKS TO HISTORICALLY LOW INTEREST RATES ON TRADITIONAL, 30-YEAR LOANS. %616