Our expenses are a little less but my wife and I have two kids. Although if we had bought a house around now instead of 7 years ago, it would easily be much more. If we had decided to buy a new car, add that on top.
But one thing to note is that is the average so that is anywhere from a single person to someone with six kids.
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I mean tbf that says household, meaning usually 3-4 people.
Average is 2.5 people.
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Okay color me wrong.
For reference my rent alone is half of that in downtown of a major city.
$3k other expenses is a little high, but not out of the realm of reasonable.
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Rent or mortgage plus daycare will easily take up 3/4 of that.
Study: Median American’s Savings Account Balance Is $1,200
That seems high
Our expenses are a little less but my wife and I have two kids. Although if we had bought a house around now instead of 7 years ago, it would easily be much more. If we had decided to buy a new car, add that on top.
But one thing to note is that is the average so that is anywhere from a single person to someone with six kids.