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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.

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    Data typically lags by a few years. Curious what you'd do with this data. You spent $21k, but did you save anything? – JTP - Apologise to Monica Feb 16 '15 at 0:53
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    Its a meaningless number. What good is it for you? – littleadv Feb 16 '15 at 1:45
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    Maybe you should be concentrating on what portion of the $21K was wasteful spending which could be eliminated or reduced. – Victor Feb 16 '15 at 2:35
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    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 Feb 16 '15 at 15:11
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    Tremendously variable costs of living in different areas make this comparison fairly meaningless unless more precisely specified... – keshlam Jun 25 '15 at 14:18
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Here are the numbers from 2007-2008

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

| improve this answer | |
  • 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 Aug 24 '15 at 15:28

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