The Average American Household Spent $61,334 in 2020: How Do Your Expenses Compare?

· 2021 BLS Consumer Expenditure Survey Results ·

How did the average American household spend $61,334 in 2020?

The U.S. Bureau of Labor Statistics (BLS) just released their latest Consumer Expenditure Survey which showed how the average American household racked up expenses of $61,334 in 2020. That’s roughly $5,111 per month. How does your household spending compare? Comparing your expenses to that of the average American household can help you determine if you are spending too…