The Fly Or Die Commerce Report: What Americans Spend Their Money On

Written By: Elsie Law - Jan• 07•14

According to Money magazine, the Bureau of Labor Statistics states that Americans currently spend most of their money on housing and transportation.

The Bureau of Labor Statistics breaks down the average percentage of annual spending as follows:
33% on housing
17% on transportation
13% on food
10% on retirement
10% on miscellaneous
7% on health care
5% on clothing and personal care
5% on entertainment

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