2

I recently calculated every single penny I spent in 2014 (literally everything). Let's round up and say the total came to $21,000. I would like to know where I stand in terms of spending. I was trying to collect some data to see how I compare, but I am having some trouble finding recent statistics. I am welcoming, of course, help to find such data, but I am also welcoming your opinions!

Since it may be relevant, I am a 26 year old male.

7
  • 2
    Data typically lags by a few years. Curious what you'd do with this data. You spent $21k, but did you save anything? Commented Feb 16, 2015 at 0:53
  • 7
    Its a meaningless number. What good is it for you?
    – littleadv
    Commented Feb 16, 2015 at 1:45
  • 2
    Maybe you should be concentrating on what portion of the $21K was wasteful spending which could be eliminated or reduced.
    – Victor
    Commented Feb 16, 2015 at 2:35
  • 2
    As an aggregate total, probably not very useful. But if you see you are spending more than average on one particular thing, that may be a sign that this is an area where you could reduce expenses. Life if you discover that you are spending 25% more than average on electricity, maybe you are wasting energy and you should look into that. Also, I'd be most concerned about where I am spending a lot. Like if my mortgage is 30% of my income and gas for my car is 2%, it makes sense to spend a lot more time trying to reduce my mortgage payments than trying to cut what I spend on gas.
    – Jay
    Commented Feb 16, 2015 at 15:11
  • 1
    Tremendously variable costs of living in different areas make this comparison fairly meaningless unless more precisely specified...
    – keshlam
    Commented Jun 25, 2015 at 14:18

1 Answer 1

1

Here are the numbers from 2007-2008

http://www.bls.gov/cex/anthology11/csxanth6.pdf

1
  • The Bureau of Labor Statistics constantly pleasantly surprises me (why give salary.com a buck when you can get the milk from the Occupational Outlook Quarterly for free?). This is an exceptional document and to my eyes precisely what the OP asked about.
    – user662852
    Commented Aug 24, 2015 at 15:28

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .