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- The average American spends about 11 percent of his or her income on food every year.
- The average American spends about 9 percent of his or her income on insurance every year.
- The average American spends about 14 percent of his or her income on items he/she don’t need and/or never will use.
- The average American spends about 20 percent of his or her income on taxes and credit card fees.
- The average American spends over 20 percent of his or her income on expensive travel “deals”, furniture, etc.