How much do you spend on things you don't need? The tally may shock you.

  • A new study finds that the average American adult spends $1,497 per month--or about $18,000 a year--on "nonessentials." 
  • The findings come as other studies show that 38 percent of Americans can't afford retirement, 28 percent can't pay off credit card debt and 26 percent can't afford car repairs.
  • Americans' biggest nonessential splurges come from restaurant meals, drinks and takeout.

Put down that cappuccino! A new study finds that the average American adult spends $1,497 per month--or about $18,000 a year--on "nonessentials."USATodaynotes that the findings are especially troubling, considering that "38 percent of Americans claim they can't afford to fund a retirement plan because they don't have enough money...35 percent say they can't afford a life insurance policy, 28 percent can't afford to pay off credit card debt, and 26 percent can't afford car repairs." 

Here's how that $1,497 per month breaks down:

  • Restaurant Meals: $209.38
  • Drinks: $188.68
  • Takeout or delivery: $177.88
  • Buying lunch: $173.62
  • Impulse purchases: $108.97
  • Rideshares: $96.11
  • Personal grooming: $94.25
  • Subscription boxes: $93.96
  • Cable: $90.57
  • Online shopping: $84.11
  • Gym classes or memberships: $72.53
  • Paid apps: $23.24
  • TV or movie streaming services: $23.09
  • Music streaming services: $22.41
  • Coffee: $20.25
  • Bottled water: $17.47

https://www.usatoday.com/story/money/2019/05/07/americans-spend-thousands-on-nonessentials/39450207/

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