American households spend around $6,080 per month on average on an income of $94,003, according to U.S. Bureau of Labor Statistics data from 2022. Between 2020 and 2022, average incomes rose by 7.5%, but annual expenditures rose by 9%. The gap between earning and spending puts considerable pressure on households to pay their bills while also trying to save for the future. Government data shows the most recent savings rate for January was 3.8%, based on a percentage of personal disposable income.