The bar chart illustrates information about the ratio of income to spending (in dollars) by Americans by age range in 2013.
Overall, it is clear that income reached its peak at 45-54 group, recorded the highest proportion, while expenditures represented the lowest figure.
A closer examination shows that the highest income was seen among those aged 45-54, at about 7,900$. This was followed by the 35-44 groups 7,800$ and the 55-64 group 7,400$. After this point, income gradually declined from ages 65-74 to over 75, dropping from around 5,300$ to 3,300$. By contrast, younger groups under 25 , 25,34 showed much lower but steadily increasing values, ranging from 2,800$ to 5,900$.
In terms of expenditures, it peaked among the 45-54 group at nearly 6,100$, slightly lower values were observed among the 35-44 and 55-64 categories, at roughly 5,900$ and 5,600$ respectively. Expenditures then fell steadily from the 65-74 group to those aged over 75, reaching 4,700$ to 3,300$. Meanwhile, the youngest people under 25, 25-34, displayed a gradual rise, from 3000$ to 4,800$.
