average family expenses
Overall Income and Expenses. According to a 2009 United States Department of Labor survey of consumer expenditures, the average American household has 2.5 residents and a household gross income of $62,857. Annual spending totals $49,067.
They also won't apply to higher income earners. In the Russell study, the top third of households aged 65 to 74 had average expenses of about $54,000. Of this they spent about $38,000 on essentials and approximately $16,000 on lifestyle expenditures.