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How much does the average American household spend on transportation per year?

ngpf.org 12/1/23

Q:

Budgeting

QUESTION OF THE DAY

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$12,295 per year on average

A:

QUESTION OF THE DAY

Budgeting

Source: BankRate

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ngpf.org

FOLLOW-UP QUESTIONS

  • Does the amount surprise you? Explain.
  • How might an increased yearly spending on transportation affect the rest of your budget?
  • What are ways that you can revise your budget to accommodate changing costs each year?