10 Different Ways 2020 Hurt the Average Family Budget

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One of the most popular posts here on Family Finance Mom is the example of a family budget, based on the 2018 Consumer Expenditure data released annually by the Bureau of Labor Statistics. This month, the BLS released the data for 2020, giving us a detailed look at just how 2020 – with the pandemic, lockdowns, and recession – impacted the average family budget… for better and for worse. Read on to catch the highlights, breakdowns by household type, educational attainment, income level and race, as well as a few interesting data points that stood out from this unique year.

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About Meghan

Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with! You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.

1 Comment

  1. What Does the Average Family Budget Look Like? on September 28, 2021 at 10:34 pm

    […] Get the latest 2020 data for the Average Family Budget HERE! […]

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