2020 was a good year for us savings-wise. We managed to save 30% of our income, which is significantly better than the national average for 2020 of 16%. This is even more impressive considering our income is rather mediocre. According to the 2019 Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics, the average … Continue reading Despite Earning Below Average Income, We Saved 30% Last Year. Here’s How
How Do Average Americans Spend Their Paychecks?
According to a joint survey by the Association of Young Americans and AARP, 55% of Americans spend equal to or more than they earn, which means that more than half of Americans are not able to save any money at all on a regular basis. But where does this money go? What are the common … Continue reading How Do Average Americans Spend Their Paychecks?