Where Americans Spend the Most Money

Posted January 14th, 2015 at 10:24 am (UTC-4)

File - Americans spent  $4,273,980,560.84 at Wal-mart, the large discount department store, in 2014. (AP Photo)   $53.31

File – Americans spent $4,273,980,560 at Walmart, the large discount department store, in 2014. (AP Photo)

Americans shop more on Amazon or at Walmart than anywhere else, according to Mint, the budgeting application that helps its 16 million-plus users track their personal spending.

Although more transactions were recorded on Amazon in 2014, hundreds of millions more dollars–$4.2 billion compared to $3.7 billion–were spent at the discount department store than at the online marketplace that sells just about everything.

There are 4,364 Walmart stores in the United States, according to the company’s website.

When it comes to fast food, McDonald’s still reigns supreme, despite recent earnings reports that showed a 3.3% sales decline in the third quarter (April 2014-June 2014). Mint-using Americans forked out more than $514 million for Big Macs, french fries and other fare offered by the fast food giant. McDonald’s has approximately 14,000 restaurants in the United States.

Other fast food restaurants where Americans spent the most in 2014 include Starbucks, Subway, Dunkin Donuts, and Chick-Fil-A.

The most frequent transactions for Mint’s 16 million American users  in 2014, as in 2013, were for groceries, fast food and restaurants, according to Mint. Student loan payments continue to be a huge focus for Americans; student loans were in the top 40 spending categories in 2013 and 2014.

People in Philadelphia, Pennsylvania, had the lowest car and health care expenses and the second-lowest home payments last year.

New Yorkers paid the most when it comes to home, gas and car expenses.

5 responses to “Where Americans Spend the Most Money”

  1. David Messinger says:

    I don’t think your numbers seem right. If McDonalds has 14,000 stores and people only spent $514 million, then its only around $36,000 average revenue per store! I looked on finance.google.com for the MCD financials and it looks like total revenue for the last 12 months is around $28 Billion. I know they operate all over the globe but certainly the US accounts for more than 2% of the total revenue. I guess the data only includes mint.com users so the appropriate statement would be “Mint.com users forked out more than $514 million for Big Macs…”

  2. LP says:

    Agree with David M. This article is confusing. What matters is how many mint.com users are in this statistics. 1 mil., 10, 100?

  3. Fred Tourette says:

    Useless, if this counts only Mint subscribers. This is more of a marketing plant for Intuit than it is journalism.

  4. kika says:

    noooooo. the worst thing we can read here is that the pole position is for a place to buy by internet!!!!!! If we keep getting all the things in this way, we are going to close shops and nobody is going to work. Amazon and this places are planing to use androids to work there, so although the company is going to earn more money they are not going to hire people.
    We should buy in the traditional way to maintain jobs.

  5. Terrific post however I was wanting to know if you could write a litte more on this topic?
    I’d be very thankful if you could elaborate a little bit further.

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