![]() ![]() Nearly six-in-ten (58%) of those with family incomes under $30,000 consider medical bills a major expense. About half of those with family incomes of $100,000 and above consider vacation travel (49%) and dining out (48%) to be a major expense. Not surprisingly, this line up of major expenses also varies by income. When asked to consider which among a series of expenditures they considered to be a “major expense” for them, survey respondents most often cited health-related costs (45%), followed by clothing (34%) and restaurant dining (34%). Knowing about and preparing for these bills will help you better manage your money. Those with family incomes of at least $100,000 are more likely than the less affluent to have regular expenses for a number of these items, including cell phones, internet services, lawn and landscaping service and housecleaning.į their expenses in different ways. The list of regular expenses also varies by income levels. Similarly, 27% of the younger age group is paying off a school loan, compared with 21% among those ages 30 to 49 and just 10% among those ages 50 to 64. As expected, the youngest group of adults (ages 18 to 29) are more likely than their elders to be paying for education 37% of this group is paying for school tuition (for themselves or their children) compared with 29% among those ages 30 to 49 and 22% among those ages 50 to 64. The age variances extend to other expenses as well. Older adults (ages 65 and over) are less likely than both the young and middle-aged to have cell phones (54% compared with 74% among those ages 50 to 64) and internet services (34% compared with 71% among those ages 50 to 64) in their household bill pile. There’s a sharp age skew to who’s most likely to be paying regularly for “information age” services. Other things to consider include the cost of child care and savings plans. By contrast, just four-in-ten adults (42%) say they make a car payment and just one-in-four say they make a school tuition payment. One-time costs often include travel, home needs, and nursing/feeding. Altogether, 76% of Americans have regular housing expenses from either mortgage, rent or a maintenance fee for a condo or homeowner’s association.Īmong the list of 13 other common household expenses asked about in this survey, cable and satellite TV service was most frequently cited as a regular household expense (78%), followed by cell phones (74%) and internet service (65%). Among renters, virtually all (97%) include rent among their regular bills. Also, a fifth of all homeowners regularly pay some kind of maintenance fee to a condo or homeowner’s association. Among homeowners, about a third (32%) report that they have no mortgage, while two-thirds report that they pay at least one mortgage bill each month. Housing (25-35 percent) The amount you pay to have a roof over your head constitutes a housing cost. Disney+ costs £7.99 a month or £39.90 for a years subscription. This is true both for the 68% of Americans who own their home and the 27% who rent. The level of the new price cap means a typical dual-fuel household will see their bill fall by 17 to £2,074 a year. Not surprisingly, housing is near the top of the public’s list of regular expenses. ![]()
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