On this day in 1936, the Baseball Hall of Fame elected its first members in Cooperstown, New York: Ty Cobb, Babe Ruth, Honus Wagner, Christy Mathewson, and Walter Johnson.
A new analysis of consumer spending revealed that Americans spend an average of $77,280 annually, with nearly half of expenditures earmarked for housing and transportation.
On an annual basis, Americans spend roughly $25,000 a year on housing, $13,000 on transportation, $6,000 on food at home, another $4,000 on food away from home, and around $3,500 on entertainment.
On average, annual health spending is another $6,000, and personal insurance and pension payments are nearly $10,000.
On the other hand, spending on reading is only about $120 a year. You can see the full breakdown of how we spend our money here.
