In one example Danley uses a household that earns $100,000 a year, owns a $375,000 home, leases 2 vehicles for $450 each per month and pays $250 per month on credit cards. After that household pays the mortgage, car notes, debt and takes out Social Security and federal income taxes, it has spent 75 percent of its income. “This is a very typical situation for someone in that income range. And we wonder why average Americans don’t save any money — it’s because of the decisions they made in housing, cars and debt,” says Danley.