Using data from the Bureau of Labor Statistics, Preethi Lodha mapped out how each generation of Americans spend their money, on average.
Last year the average American spent around $60,000. The average member of Gen Z spent the least ($41,636) and the average Gen X-er spent the most ($83,357).
All the generations have one thing in common: they’ve all spent more than 30 percent of their annual spend on housing, whereas no generation has spent more than six percent of its annual spend on entertainment.
The United States Department of Agriculture released an update to its Food Price Outlook for 2022 and found that nearly everything one might ingest – whether it comes from the grocery store or restaurant – is going up in price.
And yes, that’s on top of the price increases consumers have already been forced to endure in the last year.
“All food prices are now predicted to increase between 4.5 and 5.5%,” the USDA’s Economic Research Service explained in the March report.
By John Uri, NASA Johnson Space Center, February 21, 2022
In February 1962, the space race between the United States and the Soviet Union was in full swing. Both nations had developed spacecraft to send humans into space and selected a group of pilots to fly those spacecraft.
The Soviets leaped ahead by placing the first man, Yuri A. Gagarin, in space on April 12, 1961, on a one-orbit flight around the Earth aboard his Vostok spaceship. The United States responded with two suborbital piloted Mercury missions, launched atop Redstone rockets.
The Soviets next kept a cosmonaut in space for a full day. On February 20, 1962, astronaut John H. Glenn became the first American to orbit the Earth during the three-orbit Mercury-Atlas 6 mission, aboard the spacecraft he named Friendship 7.
From the About page: “The 1930s are a fascinating moment to study food. Examining how ordinary people bought, cooked, ate, and thought about food can reveal previously hidden aspects of American life during a time of vast economic and social change. What America Ate’s website invites users to interact with and enhance the historical sources, while the digital archive allows users to approach American food in the Depression from three distinct angles.”