Michigan vs. U.S.

2018 Spending vs Saving

MIUS
Spend less42.141
Break even36.235.9
Spend more14.718.8

Michigan vs. U.S.

% Spent More Than Income

MIUS
200917.319.5
201219.118.5
201514.217.8
201814.718.8
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Individuals who report spending more than their household income (not including the purchase of a new home, car or other big investment) are not saving. In addition, individuals who spend about the same as their income are breaking even. Only those who spend less than their household income are able to save.

Individuals who are not balancing monthly income and expenses may find themselves struggling to make ends meet.