But what does it add up to? Well, in many cases of “average” Americans it adds up to not saving for the future. The average American has less than $1,000 in savings and $34 in their pocket. But why? The easy answer is they have insufficient income, the actual answer may be on the other side.
The amount of self-storage space in the US totals 2,300,000,000 sqft. [Source: Statistic Brain] Lots of stuff‼️
The average American home is the second largest in the world.
The largest selling vehicles in the US are pickup trucks and SUVs
81% of Americans own a smartphone, including 71% of those earning under $30,000 a year (but 95% have a cell phone).
The average American spends $1,000 a year on lotteries with the biggest spenders between age 65 and 74.
There are an average 2.5 televisions per household. A whopping 31% of households have more than 4 television sets. And that’s a decrease from previous years.
The average person spends around $1,200 on vacation per year. For a family of 4, this means around $4,800. This can equal as much as 8-9% of the average household income.
On average, dog owners spend $1,285 a year on their pet, while cat owners spend $915 a year.
Etc., etc., etc., etc.