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!
Let’s face it: we’re all trying to save a buck.
In fact, the Average American has some sort of money-saving on their annual list of resolutions or goals. It’s also more of a necessity than ever, as more families are living paycheck-to-paycheck than ever before in the U.S., with an average of only about ...Continue Reading →
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 ...Continue Reading →
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 ...Continue Reading →
Can you believe the summer is already almost over and the kids will be going back to school? Me neither! Here are 35 fun facts about back to school craziness to help you cope!
1. There are approximately 33 million elementary school children in the U.S, 17 million kids attending high school, and 8.8 little ...Continue Reading →
If you’re like most Americans, you’re probably tightening your budget and watching what you spend. But it’s not just the cost of goods and services that’s eating up your paycheck, but also the hidden and unnecessary fees that are being lumped in by companies just to try and bleed a few more dollars ...Continue Reading →
Do you shop at the dollar store? If you’re like most Americans, you love an occasional trip to the store where everything is $1, 99 cents, or even less! Here are some interesting facts about the big business of the stores with such small prices:
There are actually three models for dollar stores:
Dollar Tree ...Continue Reading →
According to new data from the American Psychological Association and other studies, money is the leading cause of stress for Americans.
In fact, 76 percent of Americans report that financial worries stress them out the most, above even work (70 percent), angst about the economy (65 percent), family responsibilities (47 percent) and personal health concerns (46 ...Continue Reading →
February is Black History Month, so we’d like to applaud and celebrate some heroes of the Untied States civil rights movement. Initiated by Carter G. Woodsen in 1921 as only a week, this reverence for African American contribution and culture was placed in February because it marked the birthdays of both Frederick Douglass and Abraham Lincoln. It was later expanded to ...Continue Reading →