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What If a Typical Family Spent and Borrowed Like the Federal Government?

Created on March 9, 2016

What If a Typical Family Spent and Borrowed Like the Federal Government?

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Read the original report, "Kanye West Isn’t the Only One With a Spending Problem," by Mollie McNeill.

If a median-income American family spent money like the U.S. government, it would have spent all of its earnings, and then put $7,000 on the credit card in 2015 even though it was already $260,000 in debt.

Sources: Congressional Budget Office and U.S. Census Bureau.

Tags: spending, debt