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You can make an educated guess from a few premises:
- Median personal income in USA is $32,000
- Tax rate 25%? (Not sure about the tax rate, we need a guess for average total taxes across all states and personal status - single, single parent, married couple etc.)
- Savings rate is zero
- Payback of loans/credit and getting new loans/credit sum to zero
The only way you can spend more than you earn would be to take from savings or get a loan, which would only be temporary. The primary way you would spend less is paying back loans or increasing savings.
See related link for income statistics.
What else can I help you with?
What is the average income of an annual American worker?
The average wage is around 44,000 a year. This statistic fluctuates somewhat from state to state and what the average is there.
How do you earn a point using American Express?
Make sure you have an American Express credit card that featured points as rewards. Usually you make purchases on a valid American express card and each dollar you spend equals one point. http://www.creditimes.com/American-express.shtml
How much income tax does an average American pay?
What answer? I see no answer here!
What is the average cost per page to print?
if you print 100 pages and spend $10 then average cost per page to print is $.10(100/$10). And also you can check it http://heidelprint.com It offers an instant quote system which is my favorite.
What is the average American water bill?
in year 2008 it was 100 dollars in year2009 it was 150 dollars
How long does average American spend in lifetime waiting at red lights?
It is estimated that the average American will spend six months of their lives waiting at red lights.
How much does the average American spend on gas?
about $3,000
How much does the average American spend on shoes?
Fifty.cents
How much does the average American spend on valentines?
$75
How much does the average American spend on entertainment per year?
they spend about 2,000 to 12,000
How many hours per week does the average American spend on the internet?
they spend 30hours
How much money does an an average person spend in a year?
The average American spends $36500 a year.
How much does average American spend on gas?
The average is $ 3,000 dollars a year
How much does the average American spend in a year on sports?
The average American will spend roughly 2,266 on sports in a year. This includes sports for their children or self and going to other sporting events.
How much does the average American spend per year?
The average American is estimated to spend about $50,000 per year. Food, clothing, housing, cars and entertainment are the main components of this expenditure.
How many months does the average American spend in the car?
12!
How much money does the average American spend on their child?
Not enough. :)
