News — ChaseUltimateRewards

The typical U.S. household spends about $1,800 a year on clothing. If this statistic leaves you thinking, “That’s not me” — either because the number strikes you as too high or too low — know this: Households with annual incomes below about $70,000 spend much less than the yearly average, according to consumer expenditure data from the Bureau of Labor Statistics. On the other hand, upper-income households tip the scales in the opposite direction. Households reporting annual incomes of $127,000 or more spend about $2,500 a year on clothing. (Photo by Shutterstock) No matter what your income level, clothing purchases likely...