The chart belo gives information about the ratio of income to spending (in dollars) by American by age range in 2013. Summerise the information by selecting and reporting the main features and make comparisons where relevant

The chart provides information on the number of both income and expenditures by Americans of different ages in 2013. The data clearly shows that

overall

individuals earned more money than they spent,

thus

, they were able to save it. In the case of expenditures,

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growth was experienced between people below 25 and 45-54 years old. The youngest ones were spending the least only 30,000 dollars. In the following groups, namely 25-34, 35-44, and 45-54 the numbers started to rise reaching 48,000, 59,000, and 60,000, respectively.

Then

, the older people,

however

, witnessed a slight fall in the amount of spending from 55,000 by 55-64 years old to 47,000 by 65-74. People above 75 were the only ones with the same number of income and expenditures at 35,000. A similar pattern had been observed with the amount of earned money, as it

also

increased till the middle group of 45-54 year old. The youngest ones were the only group whose income was lower than expenditure, as it reached only 27,000 dollars.

After

this

, a rapid growth was observed to 60,000 by 25-34. The next two groups had their earnings at the same level of 79,000.

Then

, the number decreased to 75,000 dollars for individuals aged 55-64 and to 54,000 for those of 65-74.