Money has been on everyone’s minds lately. The debt-ceiling crisis being pushed to the 11th hour had everyone on pins and needles. Add to that Standard & Poor’s downgrade of the U.S. credit rating, the stock market rollercoaster ride … and it just keeps getting more and more complex. I was looking around to see if I could find an easy explanation of some of these concepts, and ran across a couple of infographics that I wanted to share. It helps put the problem and what it looks like into stark relief.
Here’s what the U.S. debt looks like in terms you can visualize—a building. Still, it’s really unfathomable.
Nothing like a moving infographic to bring it on home as well. Check out the debt clock.
This is infographic shows how the national debt has changed over the past decade … greatly simplified, but it helps to chart the course to where we are.
Then my googling got me into more personal territory. I wanted to see where an average person’s money goes. This shows how the average American spends his (or her) money. Housing takes up an average of just under $17,000. Whew! (I was familiar with this data from the U.S. Dept. of Labor, as we used it during our campaign to underline the importance of protecting your paycheck with disability insurance.)
Then, of course, you want to know what your kids are really costing you. Can it be? (I think they should have category broken out just for how much diapers cost.) And you have thought about life insurance to cover those costs in case something were to happen to you, right?
And just because I DO hate it when people talk about how much money I could be saving for retirement if I stopped getting a good cup coffee at the coffee shop … I added this. Hmmm, which one to chose?