The chart illustrates the common household spending pattern for households in three income categories as a percentage of their income.
Overall, all three households spent the most proportion of their income on housing. Income spent on transport was second in this list, with eating out and education being the least popular for all three households.
Coming to more specifics, income spent on housing remained the same for the low and medium households, at around 28 percent, whereas it reduced to 27 percent for high household income holders. Transport stood above 15 percent for low and and medium household incomes. However, it was at exact 15 percent for high household income holders.
Food(at home) and retirement savings were also quite popular among all households. Retirement, particularly, being the most highest at 17 percent for high income households and equal to or below 10 percent for medium and low income households. Food(at home) remained below 15 percent for all three household incomes.
All other activities such as eating out, entertainment, clothing, health and education remained below 10 percent for all households. But, utilities was a bit different from this category as it went as high as 12.5 percent for high income households, but remained below 10 percent for the remaining two households.
