The average family (statistically speaking, that is) in the United States earned $38,106 in 2001 after taxes were paid. The same average family spent $39,518, so if this trend continues, people will just grow deeper into debt.
The article breaks down that spending into several categories. See how you compare to the average American.
Updated February 6, 2012 and originally published September 16, 2003. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.