Where Do Your Finances Stand? Find Out
BOSTON ( TheStreet) - The past two years has turned the fortunes of many Americans upside down, forcing spenders to save and debtors to face their creditors.
While the S&P 500 is on track to deliver its best performance since 2003 this year, that gain will offer little comfort to people who lost more than a third of their retirement savings last year or their jobs.
How did you fare in this tumultuous year? Many Americans live up to (or beyond) their means, making it difficult to measure their spending and saving habits against those of others. But here are some statistics that offer a financial snapshot of the typical U.S. household.
IncomeIn 2008 (the most recent annual figures), the median household income in the U.S. was $63,563 before taxes, according to the U.S. Bureau of Labor Statistics.
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