Households in the Us spend an average of $8,484 a month — but where does that money go?
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Using data from Motley Fool, Visual Capitalist visualized the average monthly budget for households in the Us. Annual figures for 2023 have been converted to monthly spending.
Nearly half of the average American household's monthly budget went towards housing, taxes and savings. Housing was the biggest expense overall, costing $2,120 a month, on average.
Just over $500 a month was spent on groceries in 2023, but staple food items have become pricier since then, thanks to inflation.
Entertainment accounted for the smallest share of the average household's monthly expenditure, with just $303 of the budget spent in that area.
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Via Voronoi.
