• Home
  • About Us
  • Spam Policy
  • Contact
  • DMCA
  • Privacy Policy
  • Terms of Use
Give Use Life
  • Home
  • Computer
    • Gaming
    • Mac
    • Software
    • Tips
  • Internet
    • Internet Tips
    • Latest Internet News
    • Blogger
    • Seo Tips
    • WordPress
    • World News
  • Life
    • Education
    • Finance
    • Beauty
    • Health
    • Property
    • Sports
  • Mobile
    • Android
    • Apps
    • iOS
    • Others
  • Tech Updates
    • Automobiles
    • Gadgets
  • Travel n Tour
No Result
View All Result
  • Home
  • Computer
    • Gaming
    • Mac
    • Software
    • Tips
  • Internet
    • Internet Tips
    • Latest Internet News
    • Blogger
    • Seo Tips
    • WordPress
    • World News
  • Life
    • Education
    • Finance
    • Beauty
    • Health
    • Property
    • Sports
  • Mobile
    • Android
    • Apps
    • iOS
    • Others
  • Tech Updates
    • Automobiles
    • Gadgets
  • Travel n Tour
No Result
View All Result
Give Use Life
No Result
View All Result
Home Finance

Low and middle-class incomes

Kathryn J. Riddell by Kathryn J. Riddell
October 15, 2021
in Finance
0
1
SHARES
0
VIEWS
Share on FacebookShare on Twitter

How much money do we really make?

Most Americans are waging between 20 to 35 thousand dollars a year. Some are considered low-income earners, while others are considered middle-class income earners. A smaller majority of the population receives higher wages between 100 to 250 thousand dollars a year and more; these people are in the high-income brackets. The average income can go up to 70 or 80 thousand dollars due to the higher-income families. With all that in mind, we now assess American family’s normal expenditures and how affordable certain necessities would be to them—high index lenses 1.74 costs between 20 to 50$ depending on the quality and style. In general, Eyewear would be considered a necessity for an individual, but would they afford it? How feasible would it be for them to purchase such a product?

Image result for incomes

Household expenditure

With the household expenditure being approximately between 75 to 85 thousand a year, we ask ourselves what the money is usually spent on. Taxes would usually come at the top of the list in terms of expenditures. A lot of people pay a good portion of their income to the government for taxes. These taxes are put into medical aid, police and disciplinary confinement, emergency services in general such as ambulance, fire services, and more. Public schools are also taking a good portion of the tax contribution towards services for students. As mentioned, given that medical costs are involved in the taxes, certain medical products such as High index lenses and 1.74 costs are not as expensive as the taxes. Food is another expenditure in the rankings in terms of costs as households put a lot into what they eat. This food expenditure includes food from home and outside from home as restaurants are sometimes visited, which increases costs for expenditures.

Transportation services are a great expenditure and a necessity to make money, and one must be able to travel outside of their home and into the workforce. Buses, subway systems, cars, taxis, uber systems all contribute towards monthly transportation expenditures. An individual can choose between the multiple means of transportation to see which one would suit them best. Entertainment is also a big part of household expenditures as we live in a society where a balance between work life and fun life is clearly depicted and practiced. Going to the movies, having a night out with friends and family, going to a bowling alley or a concert, or some pleasure-driven activity would all be considered entertainment. Education, books, and reading also is part of expenditures as most households seek greater education. Personal insurance and pensions go close to tax expenditures, as well, as they are funds that seem to go unnoticed but are extremely high. Person care and beauty products, clothing, apparels, and services are also expenditures that households face. For those who smoke, tobacco products with supplies play a good role within family holds.

Tags: expenditureshigh indexhousehold expenditureincomeincome earnersindex lensesmiddle classtaxesthousand dollars
Previous Post

Resources of enterprise Finance

Next Post

A manual for a 50 yr antique planning for the destiny

Kathryn J. Riddell

Kathryn J. Riddell

Hiking addict, tattoo addict, guitarist, International Swiss style practitioner and ADC member. Working at the sweet spot between beauty and intellectual purity to express ideas through design. I sometimes make random things with friends. Bacon scholar. Twitter ninja. Coffee lover. Entrepreneur. Pop culture fanatic. Evil travel advocate.

Next Post
A manual for a 50 yr antique planning for the destiny 1

A manual for a 50 yr antique planning for the destiny

Recent Posts

  • MacBook 14 Inch Laptop – What to Look for in Your Next MacBook
  • Guide About Different Car Body Style and Car Types Available
  • FreeCell Game – A Quick Game for Kids & Adults
  • Intel Core i5-11600K Processor Review & Benchmark

WHO WE ARE

Give Use Life is an organisation which help to find latest news from all around the world.
Give Use Life

© 2020 Give Use Life - Premium WordPress news & magazine theme by Page Design Web.

Navigate Site

  • Home
  • About Us
  • Spam Policy
  • Contact
  • DMCA
  • Privacy Policy
  • Terms of Use

Follow Us

No Result
View All Result
  • Home
  • Computer
    • Gaming
    • Mac
    • Software
    • Tips
  • Internet
    • Internet Tips
    • Latest Internet News
    • Blogger
    • Seo Tips
    • WordPress
    • World News
  • Life
    • Education
    • Finance
    • Beauty
    • Health
    • Property
    • Sports
  • Mobile
    • Android
    • Apps
    • iOS
    • Others
  • Tech Updates
    • Automobiles
    • Gadgets
  • Travel n Tour

© 2020 Give Use Life - Premium WordPress news & magazine theme by Page Design Web.