Younger Gen Xers — ages 35-44 — spend the most out of all the groups on housing and groceries, whereas older Gen Xers — ages 45-54 — spend the most on utilities….Average American Spending per Day: All Ages.
| Average Daily Spending by Americans of All Ages | |
|---|---|
| Groceries | $11.95 |
| Clothing/Apparel | $5.02 |
| Pets | $1.95 |
| Overall | $164.55 |
How much is the US budget for 2019?
2019 United States federal budget
| Submitted | February 12, 2018 |
|---|---|
| Submitted to | 116th Congress |
| Total revenue | $3.422 trillion (requested) $3.5 trillion (actual) 16.3% of GDP |
| Total expenditures | $4.407 trillion (requested) $4.4 trillion (actual) 21% of GDP |
| Deficit | $985 billion (requested) $984 billion (actual) 4.6% of GDP |
How does the US spend its money?
The government spends money on: Social Security, Medicare, and other mandatory spending required by law. Interest on the debt–the total the government owes on all past borrowing. Discretionary spending, the amount Congress sets annually for all other programs and agencies.
Who is the richest country?
Luxembourg
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| Rank | Country | GDP-PPP ($) |
|---|---|---|
| 1 | Luxembourg | 118,001 |
| 2 | Singapore | 97,057 |
| 3 | Ireland | 94,392 |
| 4 | Qatar | 93,508 |
HOW MUCH OF US taxes go to military?
approximately 16 percent
Defense and security spending is considered a discretionary portion of the federal budget. Spending in this category includes Department of Defense and Homeland Security Agency expenses. For the fiscal 2019 budget, defense spending equaled about $697 billion, or approximately 16 percent of the federal budget.
