Have you ever wondered how the average American household spends its money? How much goes into food versus shelter or how much money is spent on transportation versus clothing? This great chart helps illustrate the most recent government data on household expenditures by category.
This chart was put together using the Department of Labor's latest survey as of October 2010. It shows how the average American household or average American family spends its money. Source: Visual Economics
Author: Joshua Kennon
https://www.joshuakennon.com Joshua Kennon is a Managing Director of Kennon-Green & Co., a private asset management firm specializing in global value investing for affluent and high net worth individuals, families, and institutions. Nothing in this article or on this site, which is Mr. Kennon's personal blog, is intended to be, nor should it be construed as, investment advice, a recommendation, or an offer to buy or sell a security or securities. Investing can result in losses, sometimes significant losses. Prior to taking any action involving your finances or portfolio, you should consult with your own qualified professional advisor(s), such as an investment advisor, tax specialist, and/or attorney, who can help you consider your unique needs, circumstances, risk tolerance, and other relevant factors.
