Household bills cost Americans an average of $29,459 per year or roughly 42% of the average take-home income, a recent report said.

Overall, U.S. households spent $3.87 trillion on household bills in 2022, according to doxo’s most recent U.S Bill Pay Market Size & Category Breakout Report. Housing accounted for the most significant spending, but utility bills, auto loans and auto insurance were also considerable costs.

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