Election years always make me think about my fellow Americans and the lives they lead. What does the average American household look like and what do its members spend money on? Thanks to some recent surveys, I’ve finally found a few answers! According to the Bureau of Labor Statistics, the average American household earns an average of $78,635 a year before taxes and spends over 77% of that on “basic needs.” And while basic needs (food, shelter, clothing, etc.) encompass a lot, the average household still manages to generously donate 3% of its income to charity. Check out the articles below to learn more about the average American’s finances. I know, my interest in the average American aside, that election years are times of upheaval and uncertainty for many people. If you’ve worried about the future of your investments after November, I suggest you watch the video below about elections and the markets. It’s educational and may provide you with some comforting insight. And please feel free to contact me should you have any questions or concerns. Happy September! |
