Where Is Your Money Going?

Ohh boy!  Let’s take a look at the average household expenditures.

Q: According to Statistics Canada, the average household expenditures are $80,728. The highest expense is shelter at $17,160

 

What is the average households 2nd biggest expense?

 

A: Income Taxes. They come to $14,867 for the average household.

 

Total expenditures 79098 80728
Total current consumption 58576 59057
Shelter 16361 17160 1
Income taxes 14038 14867 2
Transportation 12044 11891 3
Food expenditures 7934 8109 4
Personal insurance payments and pension contributions 4570 4871 5
Household operation 4344 4393 6
Recreation 3930 3843 7
Clothing and accessories 3551 3503 8
Health care 2475 2251 9
Household furnishings and equipment 1974 2067 10
Gifts of money, alimony and contributions to charity 1914 1934 11
Miscellaneous expenditures 1521 1608 12
Education 1518 1502 13
Tobacco products and alcoholic beverages 1352 1222 14
Personal care 1226 1207 15
Games of chance 162 156 16
Reading materials and other printed matter 183 144

 

 

StatsCanada Source 

Image- StLuciaNewsOnline .com

Posted in All Stories, Annoucer Blogs, Norm Foster Tagged with: , ,

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