Currently Browsing: Lifestyle Expenses 
The United States spends $8,508 USD per person on healthcare each year, a figure that is more than double the spending of countries such as France and Australia. Paradoxically, the United States also has one of the most expensive healthcare systems in the world. The United States has a lower life expectancy than both Australia and Franc, perhaps in part because it’s so expensive to go pay a visit to the doctor. So if healthcare spending isn’t...
The price of purchasing a new car has increased in recent years. A recent report indicated that the average price of buying a car is out of reach for Americans from medium-income households in 25 of the country’s major cities. The report, which was published by Interest.com indicates that the average price of purchasing a new car was $32,086 in 2013. Based on a twenty percent down payment, 48-month financing, and principal, interest, and insurance...
According to statistics from the United States Department of Agriculture and FutureAdvisor, the cost of raising a child born in 2013 until he or she reaches the age of 18 is a whopping $245,340. This figure reflects the cost of housing, transportation, food, clothing, healthcare, education, and other miscellaneous costs for a middle-income couple. As most children don’t attend college until after the age of 18, this estimate does not include the...
Colleges and universities in the United States currently face a funding shortage that’s going to directly impact the cost of tuition in years to come. Fees have already risen in the past five years in order to compensate for pricey technological investments, rising salaries for professors, administrative costs, and waning government subsidies. Innovations in technology in the past decade have also spawned the question of whether students actually...
Healthcare
The United States spends $8,508 USD per person on healthcare each year, a figure that is more than double the spending of countries such as France and Australia. Paradoxically, the United States also has one of the most expensive healthcare systems in the world. The United States has a lower life expectancy than both Australia and Franc, perhaps in part because it’s so expensive to go pay a visit to the doctor. So if healthcare spending isn’t...Cars
The price of purchasing a new car has increased in recent years. A recent report indicated that the average price of buying a car is out of reach for Americans from medium-income households in 25 of the country’s major cities. The report, which was published by Interest.com indicates that the average price of purchasing a new car was $32,086 in 2013. Based on a twenty percent down payment, 48-month financing, and principal, interest, and insurance...Kids
According to statistics from the United States Department of Agriculture and FutureAdvisor, the cost of raising a child born in 2013 until he or she reaches the age of 18 is a whopping $245,340. This figure reflects the cost of housing, transportation, food, clothing, healthcare, education, and other miscellaneous costs for a middle-income couple. As most children don’t attend college until after the age of 18, this estimate does not include the...Higher Education
Colleges and universities in the United States currently face a funding shortage that’s going to directly impact the cost of tuition in years to come. Fees have already risen in the past five years in order to compensate for pricey technological investments, rising salaries for professors, administrative costs, and waning government subsidies. Innovations in technology in the past decade have also spawned the question of whether students actually...The Future of Lifestyle Expenses
Lifestyle expenses include items that you can avoid paying for if absolutely necessary, such as higher education and cars. The cost of many of these items continues to rise, in some cases exponentially. The cost of raising a child until the age of 18, for instance, grew 2% between 2012 and 2013 and is now approaching $250,000 for children born in 2014. While the cost of living continues to increase in many domains, median wages are not increasing.