Average Household Expending Patterns as a proportion of income

The bar graph illustrates the average household spending patterns in low, medium, and high-income categories. In this case, the low-income range USD15, 000-25, 000, medium USD50, 000-75, 000, and high which is above USD150, 000. We can clearly see the housing cost a lot for all families with over 25% of the income. Similar characteristic applies to the second highest proportion over 15% goes to transportation fees. People’s bill also goes to basic requirements such as food at home, utilities, clothing, and health. However, they may not use over 15%. Likewise, it is stated the well-paid clans seldomly eat a home as a result less than 5% which leads of cheaper utility payment when compare with others. The ratio of eating out, entertainment, and education holds below 5% in low and medium earning groups but the top layer spends a more than 5%. Surprisingly, the lucrative income earners have a plan for retirements saving with over 15%, mid wage families 10% and necessities 4%. Overall, an important pattern is revealed in the bar chart. Housing and transport are the categories which more people’s money as those are basic needs of human.