Link: https://flowingdata.com/2021/02/24/how-spending-changed-for-different-income-groups/
Graphic:
Excerpt:
The categories are roughly ordered from increased spending to decreased spending. So you see by how much the cost of housing and healthcare has gone up over a couple of decades, especially for the lower income groups.
For the lowest income quintile, housing and healthcare make up more than half of spending on average.
In contrast, the higher income groups are spending more in retirement savings, education, and entertainment, and their cost of housing changed little.
Author(s): Nathan Yau
Publication Date: 24 February 2021
Publication Site: Flowing Data