The average American household budget
Americans spent nearly $74,000 in 2022 just to keep their households running.
Karen Bennett is a senior consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters.
Karen brings decades of writing and reporting experience to the table, including the roles of credit cards writer for travel website Million Mile Secrets and money and career writer for The Cheat Sheet. Her work has also appeared in USA Today, Illinois Legal Times, and several Chicago, Milwaukee, and Washington, D.C. newspapers. In addition, she’s worked in the areas of marketing and business development, and she was product manager for a consumer money-saving website.
When she’s not writing Bankrate articles, she can often be found cheering her kids on at soccer games, cooking and reading up on saving for retirement and other personal finance topics.
Americans spent nearly $74,000 in 2022 just to keep their households running.
Bankrate reviewed thousands of data points to determine the nation’s best banks. We gave the most weight to savings interest rates and low-cost or free checking accounts. Here are our picks for the best online banks.
Knowing how fixed and variable expenses differ can help you improve your finances.
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Read our experts' review on Capital One's features and product offerings. Bankrate reviews and compares hundreds of banks to help find the right fit for you.
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