Friday, July 17, 2009

financial triage

This topic is crucial to every one's life: what to spend in the year. These stats are from the government and are quite extensive. Interestingly--and disingenuously--they do not include taxes which should be on every one's mind. But these are the numbers the average family spends after taxes and they are instructive. They are broken down in nice detail. If you believe as I do that the country will not grow much in the near future but there might be some financial distortions, for example energy costs might go up but inflation will not because credit and debt will shrink and thus contract the money available, then what increases in the chart in the future must be shifted from the chart. I.E. the chart will not grow: if one thing cost more it must be paid for by a shift in expense from something else. These are interesting to ponder.

http://www.visualeconomics.com/how-the-average-us-consumer-spends-their-paycheck/

No comments: