What People Spend Most of Their Money On, By Income Group, Relatively Speaking
Posted by Armando Brito Mendes | Filed under Data Science, relatórios, visualização
um relatório com muitos gráficos de linhas
By Nathan Yau
The more money people come across, the more things they can and tend to buy. More money on average means bigger houses, more expensive cars, and fancier restaurants. But what if you look at relative spending instead of total dollars?
For example, if a lower income group uses 9 percent of their total spending to pay a mortgage, does the higher income group also pay 9 percent? Or does additional income go to other spending categories?
It varies.
The charts below show how different income groups spend their money, based on data from the Bureau of Labor Statistics for 2020. Each chart represents a spending category. Each column represents an income group.
