September 2020 Newsletter

September 2020 Newsletter

September 15, 2020
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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!

The Average American Budget
Learn about the average American budget in this fun and interactive piece.
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U.S. Personal Savings Rate
What can be learned from the savings rate?
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Can Election Results Predict the Market?
How do the markets usually react to elections? Was the 2016 election any different?
Learn More