The infographic highlights some stats and facts regarding how Americans overspend. Since 52% of Americans spend more than they earn, there are a lot of US households teetering on the brink of financial ruin. The infographic provides the top reasons for overspending and provides 15 tips to help you stop overspending. Here are some of the more interesting facts regarding overspending in the United States:
- Average American spends $1.33 for every dollar earned
- 1 in 4 Americans has more debt than savings
- Only 50% of Americans are setting up a monthly budget
- 21% of those are failing to meet the budget 6 months out of every year
Infographic Source: thecreditexaminer
