Average Family Expenses?

Answer

The most important expenses for an average family are housing, food, and utilities (the most basic utilities such as water, lights, and heat/cooling). According to a survey completed by the Department of Labor and Statistics, the average family spends its income on the following and with the following percentages (percentage of total yearly income); housing (34.1%), food (12.4%), transportation (17.6%), insurance and pensions (10.8%). Those categories are the most expensive. The total average annual expenditures for an American family amount to $49,638.00.
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