Typical U.S. Household Spends $24k On Bills Per Year: Report

CLEVELAND, OHIO - SEPTEMBER 29: Dr. Jill Biden and former Vice President Democratic presidential candidate Joe Biden speak with moderator and Fox News anchor Chris Wallace after the first presidential debate at the Health Education Campus of Case Western Reserve University on September 29, 2020 in Cleveland, Ohio. This is the first of three planned debates between the two candidates in the lead up to the election on November 3. (Photo by Olivier Douliery-Pool/Getty Images)

At a glance

  • The typical U.S. household spends just over $24,000 on bills per year, according to a report released Monday by the online bill pay service Doxo.
  • that figure has gone up about 6 percent from the prior year and amounts to roughly a third of 2021’s median U.S. household income of $70,784.
  • As measured by the consumer price index, inflation rose 8.3 percent in August from the prior year and 0.1 percent from July, according to Labor Department data released in mid-September.

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