Todd Strobel and Kim D.H. Butler take a look at the U.S. Bureau of Labor Statistics report on how the average American spends their money. Todd goes over the demographics and how it reflects the “average” American. Kim explains what each category means and what the numbers are indicative of. Finally, they look over the most troubling numbers of all regarding Americans life insurance and pension expenditures.
What do the spending trends reveal? Do you know how your spending stacks up? Find out on today’s episode of the Prosperity Podcast.
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[1:17] A Look at the Demographics
[1:48] Owning and Renting Residences
[4:01] A House As An Investment
[5:09] Annual Costs of Dwellings
[6:29] Food At and Away From Home
[8:07] Transportation Costs
[10:04] Health Care Expenditures
[11:53] Personal Insurance and Pensions
[15:46] Insurance Summary
[16:13] Entertainment vs. Education