The Bureau of Labor Statistics say that Americans are spending less on clothes, food and booze! A bit surprising but as Americans we ranked the highest for housing, transportation and health care.
Compared to many other countries average Americans are spending more money on eating out, compared to spending a large chunk of our income on food to cook at home.
If you think that our gas prices are high, think again. It costs Canadians more for transportation because of much steeper gas tax which makes it about $1 more per gallon.
Overall is it not interesting that Americans are spending less of their budget on clothing booze? Is it that we don't value it that much compared to housing?
Washington Post
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