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Here’s What the Average American Family Can Buy with $10,000

December 11, 2011 at

 

In tonight’s Iowa Debate Mitt Romney casually offered a $10,000 bet, after calling a $1,500 tax break for the middle class a band-aid.  Mitt Romney may not know what $10,000 means to middle class families, but here’s what the average American family can buy with $10,000:

$10,000 Is More Than Four Months Pay For Most Americans (Median Income Was $26,197 in 2010) [Census.gov, accessed 12/10/11]

$10,000 Is More Than The Average Public In-State Four-Year College Tuition ($8,244) [CollegeBoard, accessed 12/10/11]

$10,000 Is Almost Three Times What The Average Family Spends On Groceries In A Year ($3624) [BLS.gov, accessed 12/10/11]

$10,000 Would Cover More Than A Year’s Worth Of Mortgage Payments For The Typical American Home Purchased Today ($8,376) [National Association of Realtors, 10/6/11]

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