Question: how much money does the average person need a year?
Answer: According to the latest figures from the Bureau of Labor Statistics, the typical U.S. household spent $60,060 in 2017 and had an average income of $73,573 before taxes. Spending was up 4.8% from 2016, even as pretax incomes fell 1.5%. The Consumer Price Index, a commonly used measure of inflation, rose 2.1%.