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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Credit Card debt in America, the sequel. (Will it be worse than the original?)

We’ve all seen a movie and then looked forward to the sequel. Usually, the second film isn’t as good as the first, and we leave the theater somewhat disappointed. But, sometimes, part II is even better than the original, and we walk out thoroughly entertained.

So, when we talk about the horror film of credit card debt in the United States, American consumers are ...

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Hey Sacramento – what’s in YOUR wallet? Income, employment, real estate, and other consumer financial statistics for Sactown.

Turn on the TV news, read the headlines or social media, or even pick up your daily newspaper and you’ll probably encounter a lot of talk about the economy. In fact, I wouldn’t be surprised if you read about financial statistics like our U.S national debt, unemployment rates, and even homeownership rates. But ...

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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 “Black ...

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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 debt ...

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Are you (or your partner) committing financial infidelity?

Money and relationships are inextricably tied, each exerting significant influence upon the other. Don’t believe me? In 2009 – during the dark days of the real estate crash and Great Recession – there were more foreclosures than marriages in the U.S.

I know what you’re thinking – there we an unprecedented number of foreclosures at that time, but the data on divorces during ...

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