How much do people spend at different ages in the United States?

Consumers on average around $63,000 but depending on the age it can range from just under $40,000 (25 and under) to close to $80,000 (45 to 54 year olds).

Detailed spending data for 2019:

The BLS (U.S. Bureau of Labor Statistics), conducts surveys and publishes the data on their website (https://www.bls.gov/cex/). Below is a graph I compiled to show the different groups.

A consumer is considered a household (from their website: "A consumer unit consists of any of the following: All members of a particular household who are related by blood, marriage, adoption, or other legal arrangements"). The graph was created using python's plotly package https://plotly.com/

Its quite interesting that it increases to about age 50 then slowly comes down. My opinion is that this is due to people starting families and decreasing as children leave the nest. With a growing concern for our aging population, I hope society and governments figure this out and offer more financial support for young families as it seems we could have a big issue and large amount of stress for people that understand how much it will cost them financially to have children.

see below for a comparison of the average vs the top 10%

https://www.unpackinvesting.com/2021/08/spending-too-much-or-too-little_0645791283.html

Comments

Comparing the exposure of ETF, futures, and index options for S&P 500 (SPY, SPX, ES) and Nasdaq 100 (QQQ, NDX, NQ)

The S&P 500 and the NASDAQ 100 are two of the most popular stock indexes. Below are tables that show different ways of getting exposure to these stock indexes. S&P 500 Index Exposures: Product Price multiplier exposure SPY equivalent shares option contract exposure SPY equivalent option contract exposure SPY ETF 445 1 $445 1 $44,452 1 ES Futures 4,463 50 $223,156 502 $223,156 5 MES Futures 4,463 5 $22,316 50 $22,316 0.5 SPX Index 4,463 100 $446,312 1004 $446,312 10 XSP Index 446 100 $44,631 100 $44,631 1 1 SPX Index option has roughly the same exposure as 10 SPY ETF options From the above table, you can see that depending on how much exposure you want, you can pick from a variety of products. For pure delta exposure, SPY ETF and ES Futures are the most liquid. For options, SPX Index and SPY options have the most liquidity. There are definitely other ETFs, like IVV, VOO, or SPLG with lower expense ratios, but suffer from options volume and have a wider bi...

Trading Ethereum (ETH) merge? Are the CME Ethereum Options on Micro Futures markets reasonable?

Ethereum Merge Brief Background Most people are aware of Proof-of-Work (consensus mechanism to validate blocks on the blockchain - this is done with miners solving math problems (work)). Ethereum, the second largest Crypto Currency is moving from a Proof-of-Work to Proof-of-Stake (consensus mechanism that validates blocks through a validator (like voting) system). The main reason for doing this is to get away from miners wasting electricity solving useless math problems to a system that doesn't waste energy on miners. One argument against moving to Proof-of-Stake, is that it becomes more about controlling a large number of validator nodes (so in a sense, the larger validators have more say, whereas Proof-Of-Work rewards are more 'fair' as it is randomly distributed. Either way you look at it being positive or negative, it is an event that can be traded as the current estimated merge date (the date the blockchain switches from Proof-of-Work to Proof-of-Stake...

How does theta change through time when selling strangles? SPY, META, IEF

What is Theta? Theta is amount of value that an option position changes each day due to the passage of time. For example, SPY closing at 411.99 and Implied Volatility (IVOL) 22.58% SPY 9/16/22 (47 DTE) Strike delta price theta 376P -0.15 3.12 -0.09 440C 0.15 1.97 -0.07 The above table shows that the 376 Put has a theta of -0.09. This means the option will lose $9 a day (each contract represents 100 shares so -0.09 x 100 = -$9. To standardize, the theta/price is a ratio that can be used. In our example -$9/411.99 => -0.02%. Table of Theta for 15 delta Strangles for SPY, META, and IEF Information was pulled from market data on 7/31/2022 taking the initial strikes and seeing how the data changes for different upcoming Days to Expiration (DTE). (15 delta Strangles for SPY correspond to 376P and 440C). SPY is the most active ETF for S&P 500. IEF is an ETF of 10 year Bonds. META is the ticker for the company formerly known as Facebook. Analysis 1) T...

Search This Blog