The two charts provide the information of the different ways in which average middle-income families spent their household budget in two years, 2012 and 2015.
In 2012, the expenditure was evenly distributed. Though families spent 35% of their income on housing, there was not much difference in others. Food/clothes and vacations/leisure were given equal weightage of about 25% of the budget to each. The remaining miscellaneous items were allocated the least, 15%.
With a leap of three years, the statistics changed drastically. Housing tops the list in spending income with a whopping 50%. Families spent 25% more on food/clothes on vacation/leisure. A little amount was spent on miscellaneous.
Overall, families preferred to spend on Housing in both the years. Families varied in expenditure over two different years.
The two charts provide the information of the
different
ways in which average middle-income
families
spent
their household budget in two years, 2012 and 2015.
In 2012, the expenditure was
evenly
distributed. Though
families
spent
35% of their income on housing, there was not much difference in others. Food/clothes and vacations/leisure were
given
equal weightage of about 25% of the budget to each. The remaining miscellaneous items
were allocated
the least, 15%.
With a leap of three years, the statistics
changed
drastically
. Housing tops the list in spending income with a whopping 50%.
Families
spent
25% more on food/clothes on vacation/leisure. A
little
amount was
spent
on miscellaneous.
Overall
,
families
preferred to spend on Housing in both the years.
Families
varied in expenditure over two
different
years.