Americans Spend an Average of $18,000 a Year on Things They Don’t Need

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.

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