How Americans Spent Their Money in 2015

Curated by Paul Helmick

I’m a Technology CEO and Experienced Entrepreneur. I love helping people use technology to grow their business.

  • Consumer spending rose 3.2% last year to mark the fastest rate since 2005, two years before the onset of the Great Recession
  • In 2015, the average “consumer unit” earned $69,629, or a little over $60,000 after taxes and spent nearly $56,000 of their take-home pay and they saved the rest
  • Higher health care costs are a reality for most Americans with the share of spending on health care, doctor visits, hospital stays, prescriptions and the like, totaled 7.8% in 2015, up from 7.1% two years ago.

Via MarketWatch