Who doesn’t love a good impulse buy?
An afternoon coffee drink pick-me up or maybe some random weeknight take-out?
Well according to experts it adds up…fast.
A new study finds that the average American adult spends $1,497 per month–or about $18,000 a year–on “nonessentials.”
USAToday notes that the findings are especially troubling, considering that “38 percent of Americans claim they can’t afford to fund a retirement plan because they don’t have enough money…35 percent say they can’t afford a life insurance policy, 28 percent can’t afford to pay off credit card debt, and 26 percent can’t afford car repairs.”
Find the full list of impulse buys here.