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 in reporting the main features and make comparisons where relevant.

The bar chart illustrates the general consumption patterns for

families

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with low, medium and high

income

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levels as a percentage of their earnings.

Overall

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, underprivileged

families

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tend to spend more money on catering at home, utilities and health,

while

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rich

families

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tend to

consume

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spend

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more on entertainment calmer clothing calmer education and retirement savings. Low-

income

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households spend about 12% and 14% on buying groceries and utilities

respectively

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, respectively

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, which is double

of

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apply

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hat

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that

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of high-

income

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household

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households

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(5% and 6%).

Underpriledged

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Underprivileged

families

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also

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spend a larger proportion of their

income

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o

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on

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health (8%),

with

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apply

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compared to those with higher

income

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level

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levels

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. The more the

earning

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earnings

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of a family, the more of the

porprotion

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proportion

of their

income

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they would spend on entertainment, clothing and education. Low-

income

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household

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households

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spend 4% on entertainment, which is slightly less than that of medium and

high

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high-income

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income

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families

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by 1% and 2% respectively. The difference

of

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in

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proportions of

income

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spent on clothing by different groups of households is insignificant, but a huge gap can be seen in retirement

saving

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savings

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. The wealthiest group of

household

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households

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spent 4

time

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times

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more on the proportion of

income

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than underprivileged

families

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in

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on

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retirement savings.