# Shocking Overspending Statistics Find Out Just How much Americans Go Over Budget By Michael Hemsworth | Published 2012-12-31 | Lifestyle Source: Trend Hunter, https://www.trendhunter.com/trends/overspending-statistics References: [visual.ly](http://visual.ly/overspending-america-statistics-and-facts) & [thecreditexaminer](http://thecreditexaminer.com) Lots of people love to have new and fancy things, but these overspending statistics dive deep into just how far over budget Americans are going to indulge themselves. A surprising 52% of American residents are going over their monthly budget, of which 21% have expenses that far exceed how much they take home each month. Only about half of the population is making a budget, while the problem is stemming from a large abundance of credit that is available to first-time card holders as well as a problem with trying to fix [emotional problems by buying things](https://www.trendhunter.com/trends/paktol-app). To stay on track, make a realistic budget and stick to it, compare prices to get the best deal and be more aware of the great things you already have in your life. ## Trend Insights (Trend Hunter) - Score: 1.8/10 - Popularity: 22% | Activity: 24% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Lifestyle](https://www.trendhunter.com/lifestyle) > [Credit Crunch](https://www.trendhunter.com/creditcrunch) ## Key Themes ### What Makes This Trend Stand Out - **Overspending Habits:** Opportunity for financial tech companies to develop innovative budgeting tools and apps that help individuals track and control their spending. - **Credit Accessibility:** Potential for credit card companies to introduce stricter eligibility criteria, reducing the overspending problem caused by first-time card holders. - **Emotional Consumerism:** Room for therapy and counseling industries to address the underlying emotional issues that lead to excessive spending and offer healthier alternatives. ### Sectors Adopting This - **Financial Technology:** Opportunity for FinTech companies to develop innovative budgeting tools and apps that help individuals track and control their spending. - **Credit Card:** Potential for credit card companies to introduce stricter eligibility criteria, reducing the overspending problem caused by first-time card holders. - **Therapy and Counseling:** Room for therapy and counseling industries to address the underlying emotional issues that lead to excessive spending and offer healthier alternatives. ## Related on Trend Hunter - [Smart Spending Tools](https://www.trendhunter.com/trends/affordability-calculator.md) - [Personal Finance Visualizers](https://www.trendhunter.com/trends/budget-visual.md) - [AI-Powered Budgeting Apps](https://www.trendhunter.com/trends/ai-powered-budgeting-app.md) - [Personal Finance Apps](https://www.trendhunter.com/trends/spendwell.md) - [Financial Organization Tools](https://www.trendhunter.com/trends/expensioco.md) - [Anti-Overspending POS Systems](https://www.trendhunter.com/trends/wealth-management-pos-concept.md) - [Expense Tracker Tools](https://www.trendhunter.com/trends/spendtally.md) - [Smart Car Planning](https://www.trendhunter.com/trends/budget-for-cars.md) - [Subscription Tracking Tools](https://www.trendhunter.com/trends/track-subscriptions.md)