How The Average U.S. Consumer Spends Their Paycheck

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What do you normally do the moment you receive your monthly pay? Which of the expenses do you prioritize? There are a lot of considerations and it is important that you properly allocate the amount that you receive so you can make ends meet, and even have more to have fun or for savings.

Not everyone though is as lucky as you are. There are those who can barely make ends meet. They have a lot of monthly expenses to take care of up until there is pretty much nothing left for them to enjoy. There are others who are on the same cycle each month. The salary they earn is just enough for them to pay for the bills. If the amount can’t cover everything, they will borrow money and their next pay will be for paying their previous debts.

This is a sad reality among many Americans. Therefore, if you are receiving quite a huge amount of money on a monthly basis plus benefits for social security and health care, you must be very lucky. You definitely have enough to be allocated for savings or for a trip somewhere.

Deciding how to divide the amount that you receive is definitely a challenge. You are not alone though. This is a problem confronting Americans all the time. You can check where you stand relative to others when it comes to how average Americans spend their paycheck.

We have prepared an image below where you can see the breakdown of the annual expenses and how much is allocated for each item. You might find it funny considering how similar the allocation is with yours or feel lucky that you get to allocate more for things other than the regular bills.

You will also see the difference on how single individuals use their money with that of married couples with children.

How The Average U.S. Consumer Spends Their Paycheck

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