where paycheck goes infographcic

Where Does Your Cash Go?

The Credit Loan blog had a very interesting infographic chronicling how the average consumer spend their paycheck. The infographic was compiled from a survey conducted by the Department of Labor.

We like to cry broke, but according to the information, the average family has an income of $62,857 before taxes but spends about $49,067.  Not surprisingly, housing costs account for almost 35% of the total amount that the average family spends.  Considering that about 66% of households are homeowners, if you sell your home and begin renting, you might realize some savings in this area. […]