<human>:  Can you tell me about the average income and spending of US households?
<bot>: Sure, I can. The median annual income for households in the United States in 2018 was $61,372, or about 2.5 times the median annual income in 1971. Households in the US had a median spending of $59,420 in 2018. Households were also spending more than they were earning, with the median household having about $24,000 in credit card debt, $6,950 in student loans, $2,000 in car loans, $16,600 on