Where A Typical Paycheck Goes

Here is a breakdown on where the typical paycheck goes: taxes 20%, insurance 12%, transportation 19%, housing 30%, utilities 6% and personal 13%. Personal includes food, clothing and other expenses. Use the ProFolio Budget Calculator to see where your paycheck goes.

1) https://www.nerdwallet.com/blog/insurance/where-people-pay-most-least-for-homeowners-health-auto-life-insurance-2015/

2) https://www.fhwa.dot.gov/livability/fact_sheets/transandhousing.cfm

3) http://genxfinance.com/poll-how-much-do-you-spend-on-utilities-each-month/

4) http://www.fedsmith.com/2015/07/23/how-much-does-the-average-american-worker-pay-in-taxes/

 

Disclosure:

The information presented here is the opinion of the author and may quickly become outdated and is subject to change without notice. All material presented in this article are compiled from sources believed to be reliable, however accuracy cannot be guaranteed. No person should make an investment decision in reliance on the information presented here.

The information presented here is distributed for education purposes only and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or participate in any particular trading strategy.

Performance data showing past performance results is no guarantee of future returns.

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