Americans spend a lot of money. So much so that outstanding credit card debt topped $1 trillion in 2016.
Where exactly are consumers blowing their paychecks?
As expected, housing is the largest expense — and a category that is only becoming more expensive — but Americans are also shelling out thousands of dollars per year on clothing and entertainment. In fact, consumers are spending more on clothing than they are on education.
That's according to cost information site Howmuch.net, which used data from the Bureau of Labor Statistics to analyze spending trends in America from 1941 to 2014 across 12 categories: Reading, alcohol, tobacco, education, personal care, miscellaneous, recreation and entertainment, health care, clothing, food, transportation and housing.
"Between 1941 and 2014 Americans spent money on most of the same things, with a few changes," Howmuch.net reports. "Housing has persisted as a large area of spending for Americans, as has the food category. However, spending on food and clothing has fallen when adjusting for inflation while spending on education and health care has risen quickly."
Below, CNBC highlights how much Americans spent in each of these 12 categories in 2004 and 2014. Categories are listed in ascending order of money spent.
Reading
2004: $163
2014: $103
Tobacco
2004: $361
2014: $319
Alcohol
2004: $575
2014: $463
Personal care
2004: $603
2014: $645
Miscellaneous
2004: $865
2014: $788
Education
2004: $1,134
2014: $1,236
Clothing
2004: $2,276
2014: $1,786
Recreation and entertainment
2004: $2,780
2014: $2,728
Health care
2004: $3,226
2014: $4,290
Food
2004: $7,245
2014: $6,759
Transportation
2004: $9,776
2014: $9,073
Housing
2004: $17,442
2014: $17,798
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