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46.9% of Americans' expenses go on housing and food. This is the maximum for 15 years. Bloomberg.

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IF News · Markets · · Source

46.9% of Americans' expenses go on housing and food. This is the maximum for 15 years. Bloomberg.

33.9% are housing costs (rent or mortgage + utility bills). The value was so high during the lockdown and in 2010.

13% of Americans' spending is spent on food (that's about $10,600). The products became more expensive by 4.6% on average, but especially significantly (by 11.7%) for meat and fish.

Income before tax increased by 6.4% to 111.8 thousand dollars. This is higher than inflation.

With mandatory payments taking nearly 50% of earnings before even buying clothes, transportation or health care, Americans have less room for discretionary spending, adding to the overall sense of a cost-of-living crisis, analysts conclude.

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