Fasten your seatbelts: The monthly cost of transportation in America may shift your budget's gears!

Answer: $12,295

Questions:

• Does the amount surprise you? Explain.
• How might an increased yearly spending on transportation affect the rest of your budget?
• What are ways that you can revise your budget to accommodate changing costs each year?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (BankRate):

"The average household earned $94,003 in 2022 before taxes and spent $72,967, according to a survey by the most recent Consumer Expenditure Survey. The report, published by the U.S. Bureau of Labor Statistics (BLS), lists the average amount spent in various categories. Significant expenditures were housing, transportation, and food."

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About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.