If everyone spent like the government
What if Families Handled Finances Like the
Federal Government Does'?
In 201 o, median family income was , It a typical family followed the federal governments lead, it
would spend , 319 and put 30 cents of every dollar spent on a credit card. This family would have racked
up , in credit card deathlike a mortgage, only without the house. What credit card company would
continue lending money to this family?
DJ STED DD LIARS [EHW 21
If a typical
family spent like
it would spend i
A.. even though T'
it had only i
leave it with a
deficit of "ararat.
borrowing to pay
tbr itshould be a III -
Sources: Congressional Budget ( and US. Census Bureau.