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How Americans Spend Their Income

Reported in First, quoted in Discipleship Journal, Issue 53, 1989, p. 21

How Americans Spend Their Income

According to the Bureau of Labor Statistics, Americans spend their incomes as follows:

1. Shelter

23%

2. Transportation

21%

3. Food

15%

4. Retirement plans

8%

5. Utilities

7%

6. Clothing

5%

7. Entertainment

5%

8. Medical care

5%

9. Savings

3%

10. Insurance (excluding car and home)

1%

11. Miscellaneous

7%