4 ms·
Average expenditure at 30: $45,000 That's strange to me - is everyone living on debt? Factor in median household income for a fam with Bachelors degrees: $68,7
by madeuptempacct 8y ago
Average expenditure at 30: $45,000
That's strange to me - is everyone living on debt? Factor in median household income for a fam with Bachelors degrees: $68,728, which is $52,000ish net of tax.
How are people spending that much?
https://en.wikipedia.org/wiki/Household_income_in_the_United_States#Education_and_gender https://en.wikipedia.org/wiki/Household_income_in_the_United...
- adamnemecek 8y agoPeople are in debt yeah. I lucked out but I know a lot of people with student debt.
- brixon 8y agoThat may be the spending on education. That is mostly debt.
- esotericn 8y agoThe majority of individuals and households spend all of their money. That's the 'how'. The more salient question is 'why'.
- ryanmetz 8y agoWhere do you live? Here in Chicago that's a pretty reasonable amount of spending for my family of 2.
- lotsofpulp 8y agoI'm guessing it's mean average, so probably being skewed by higher spenders. It's also household numbers, so even more skewed if you have two high income people living together vs two low income living together.
- Cthulhu_ 8y agoYou're comparing average expenditure with people with a bachelor's degree - https://en.wikipedia.org/wiki/Educational_attainment_in_the_United_States https://en.wikipedia.org/wiki/Educational_attainment_in_the_... indicates only about a quarter of people have that (it's a bit hard to read).
- nyghtly 8y ago"Millennials spend huge amounts on rent, using up 45% of income made by age 30" https://www.usatoday.com/story/money/personalfinance/real-estate/2018/05/18/millennials-spend-large-percentage-income-rent/609061002/ https://www.usatoday.com/story/money/personalfinance/real-es...
- refurb 8y ago"GenX adults spent only 41% of their income on rent by age 30" Doesn't seem out of line with the previous generation?