How do Americans spend their money?

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  • Housing leads the table as expected
  • Spending on apparel has declined while healthcare and education expenses have increased
  • Money spent on alcohol is one of the most stable categories
  • Money spent on reading has slowly declined over time as social media penetration increased.
  • 1973 must have been a party year for everyone as recreation and entertainment expenses saw a sudden, large spike 😃

 


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