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How much money did you spend last year?

If you’re like most people, you may answer “Too much!” or “A truck-load!” without knowing an actual number.

But, thanks to a yearly survey by the Department of Labor, we can now account for each category of spending for the whole year, both in real dollars and as a percent of the overall budget.

In fact, it’s estimated that the average U.S. consumer spent a total of $49,638 last year, or $4,136.50 monthly and approximately $138 per day!

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American Shopping Holidays; 25 Facts about Black Friday and Cyber Monday

Last year, about 137 million Americans – about half of our adult population – flocked to malls, shops, and their favorite retailers on Black Friday. They’re spending big bucks, as U.S. consumers will throw down about $61.4 billion in sales this year, up from $41 billion in 2008. (In total, we’re expected to spend about $682 billion this holiday season!)

The name ...

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In Debt we Trust?

I came across a statistic the other day that gave me pause and made me reflect upon what so many people are doing wrong when it comes to their finances.

According to recent surveys, about 50% of Americans die completely broke.

Even worse, most people pass away not only with a net worth of zero but addled with significant debt. In many cases, that ...

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