Waste is rather judgemental; the money I spend for bicycling and watching football on tv is certainly not wasted, though the money you spend on dry cleaning and watches probably is.
Things in the article that surprised me:
The highest income group in the BLS categorization starts at $70k?!The BLS divides households into nine income groups. The lowest is households with income less than $5,000 a year. It is hard to imagine how such a household could exist. But, the government definition includes people who rent rooms or other living spaces, so in reality a college student or group of college students would qualify. The highest income group contains households with incomes of over $70,000 a year.
According to the National Center for Health Statistics, approximately 20% of adult Americans smoke. Didn't see how many households.The average household spends more than $380 each year on tobacco products and smoking supplies, which includes cigarettes, cigars, pipes, and chewing tobacco. It is worth remembering that this average includes households where no one pays for tobacco products. Despite this fact, tobacco’s portion of the average household’s budget, 0.8%, is larger than what Americans spend on fresh fruit and milk combined. A person who smokes a pack of cigarettes a day in New York state will spend more than $4,000 a year, which is roughly 10% of the average American income before taxes.
Who'll be the first to respond that they spend most of their money on booze, tobacco, and women; the rest they waste?