Where's does the paycheck go?
Sixty percent of Americans have spent time living paycheck-to-paycheck this year. Where does the money go?
FEATURED ON HOMEPAGE
11/9/20231 min read
Where does your paycheck go? Here's some numbers:
median household income: $75k/year
median rent: $2k/month
average mortgage payment: $2.1k/month
average household grocery bill: $1k/month
average electric bill: $142/month
healthcare premium for a family: $22k/year
total cost of ownership for a car: $1k/month
Add it all up, and you're in the hole, and digging it deeper every month! No wonder credit card debt is at an all-time high! It's hard to imagine how to climb out.