Where does all your money go?

A large part goes for transportation.

Government data for December 2011 shows that the average American spends almost 17% of their income on gasoline, cars, public transit and car repairs, etc.

In 1949, the average American spent 7.3% of their income on transportation expenses.

Interestingly, we all spend much less of our income on food now than we did in 1949 – 40% then, 15.3% now.

Check out the graphs in this NPR story.

Seems like if we cut our transportation expenses we could have more money to spend on more nutritious food which would make us healthier – by eating better and getting more exercise.

Jan

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