Highway Robbery: Americans Spent More on Taxes Last Year Than Food, Healthcare, Education, and Clothing… COMBINED
Highway Robbery: Americans Spent More on Taxes Last Year Than Food, Healthcare, Education, and Clothing... COMBINEDAccording to the latest consumer spending data from the Bureau of Labor Statistics, Americans spent more money on taxes last year than on food, healthcare, education, and clothing COMBINED.
In 2021, taxes accounted for about 25% of average consumer spending, which outpaced the average spend for many essential categories for most Americans. During that time, each “consumer unit” – individual or combined household – spent an average of $16,721.42 on food ($8,289.28), healthcare ($5,451.61), education ($1,226.14), and clothing ($1,754.39) – clocking in just under the $16,729.73 average paid in taxes.