How Americans Spend Their Income
According to the Bureau of Labor Statistics, Americans spend their incomes as follows:
| 1. Shelter | 23% |
| 2. Transportation | 21% |
| 3. Food | 15% |
| 4. Retirement plans | 8% |
| 5. Utilities | 7% |
| 6. Clothing | 5% |
| 7. Entertainment | 5% |
| 8. Medical care | 5% |
| 9. Savings | 3% |
| 10. Insurance (excluding car and home) |
1% |
| 11. Miscellaneous | 7% |