You want to know how bad of shape we are in as a country? You’re not going to believe this.
According to the most recent consumer spending data from the Bureau of Labor Statistics, we as Americans spent more money on paying taxes than we spent on food, or healthcare, or education, or clothing…COMBINED!
According to the report, we spent about 25% of our money on freaking taxes!
The report goes into detail to give a breakdown of how the average American spent their money on these items.
The average American household spent an average of $8,289.28 on food, another $5,451.61 on healthcare, $1,226.14 on education, and $1,754.39 on clothing totaling up to $16,721.42 for the average household.