The article from Digg discusses the spending habits of average American households in 2023, revealing that they spend approximately $77,300 annually. The Bureau of Labor Statistics (BLS) data highlights housing as the largest expenditure, accounting for nearly 33% of total spending at $25,436. Transportation comes next at $13,174, followed by personal insurance and pensions at $9,556, and healthcare at $6,159. Interestingly, spending on education is relatively low at $1,656, although this figure represents a 24% increase from the previous year.

Key Points:

• Average annual spending of American households: $77,300.
• Largest expenditure: Housing ($25,436 or ~33% of total).
• Second-largest: Transportation ($13,174).
• Other significant expenses: Personal insurance and pensions ($9,556) and healthcare ($6,159).
• Education spending is low at $1,656, but increased by 24% from the prior year.
  Link to Article