What proportion of American household expenditures is associated with transportation, and what is the breakdown of these expenditures by category (such as ownership, fuel, maintenance, etc.)? Estimate the proportion of your monthly budget that is spent on transportation.
What will be an ideal response?
The annual average American household expenditures are $49,705, which represents $4,142.03 per month; $8,294 are annual expenditures related to Transportation, which represents $691.17 per month. Therefore, Transportation represents approximately 16.6% of total expenditures for an average American household. The breakdown of Transportation expenditures by category is:
A possible monthly budget of a college student is:
Approximately 9 percent of the monthly budget is dedicated to transportation.
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