The bar chart compares the amount of income and expenditures by Americans in 2013. The vertical axis shows the amount of spending in dollars, while the horizontal axis shows the age range.
Overall, it can be seen that Americans obtained the highest income and spent the most money between the ages of 35–54 years old, which was the productive period of their lives. Meanwhile, those under 25 years old and over 75 years old had the lowest income and expenditures. On the other hand, there were large gaps between income and expenditure in the 35–54-year-old age group.
According to the bar chart, Americans aged 35–54 years old had the highest income, nearly $80,000, followed by those aged 25–34 years old and 65–74 years old with almost $60,000 and slightly over $50,000, respectively. In contrast, there were two age ranges that had the lowest amount of income, approximately $30,000: those under 25 years old and those over 75 years old.
On the other hand, expenditures had a similar trend to income, with the most spending in the ages 35–54 years old, at almost $60,000, followed by those aged 24–34 years old and 65–74 years old, with almost $50,000. The remaining age ranges had a different trend compared to the previous age ranges, where income was higher than spending. In the over 75-year-old age group, income and expenditures were the same, while in the under 25-year-old age group, expenditures ($30,000) were more than income.