The chart below shows the average household spending pattern for households in three income categories as a proportion of their income. Summarise the information by selecting and reporting the main features, and make comparisons where relevant.

The bar graph indicates the amount of money spent by each household

according to

the three

income

ranks.

Overall

, the tendency of spending is similar among the three

income

groups for the top-sharing two categories: housing and transportation.

On the other hand

, there are huge differences in the proportion of money spared in retirement savings, utilities, and food costs at home.

First,

the cost of living shares the highest in all the groups with just over one-fourth of household

income

. Public transportation contributes to the second highest expenditure in

households

with low and middle

income

with a

rate

of just under 20 %, which contributes to the third most expense for

households

with high

income

with a

rate

of 15 % slightly less than that of retirement savings.

Next,

the proportions for money expense on retirement savings have the most varied

according to

income

; the minimal is that of

households

with low

income

at a

rate

under 5 % which is less than one-third of that of

households

with high

income

.

On the contrary

, it is highest on food at home in

households

with low

income

with a

rate

of over 10 % which is more than double that in

households

with high

income

.