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High Cost of Living Expenses

houses on tops of stacks of coins

Ann Belser/Pittsburg Post-Gazette/Sun-Sentinel
June 09, 2014

The Bureau of Labor Statistics released a study of American’s incomes and expenses from 2012 to 2013.  The report found that, on average, incomes fell $103 while expenses rose $777.  The biggest expense is housing, on average, costing Americans close to $20k a year.  Low income families are the most cost burdened with 40 percent of their incomes going towards housing while simultaneously falling $10k short of their expenses.  More… 


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