How Are Americans Spending Their Money?


by SavvyRoo on Feb 6, 2015 | Views: 80 | Score: 0
Percent of income spent on ... EducationClothes and shoesFood at restaurants, etc.EntertainmentHealth care and health insuranceSavings for retirementFood at homeUtilitiesTransportation and GasolineHousing
$15,000 - $19,9991.53.64.74.88.22.610.211.120.429.2
$50,000 - $69,9991.33.25.45.17.19.67.78.221.326.7
Above $150,0004.43.75.45.74.515.95.44.815.527.5
Household Income Level
%
Sources: npr.org
Share:
Facebook Twitter Reddit Linked In Google Plus Pinterest Tumblr Email
URL:
Embed in your web page: (Preview)
Link:

Download image:

VOTE:
VOICE:
Please sign up or log in to comment
SavvyRoo
SavvyRoo on Feb 6, 2015 5:34 PM said:

Income plays a vital role in how different Americans are able to spend their money. Through an examination of different income strata - one below the poverty line, one in the middle of the income distribution, and one on top - we are able to identify the different spending behaviors of the groups. Perhaps the most notable difference between the three groups is the amount each group saves for retirement. While the group under the poverty line invests a paltry 2.6 percent in retirement, the upper income level invests an impressive 15.9 percent.