The bar chart provides data on the ratio of income to expenditures among Americans in different age groups in 2013. In general, income rises with age; it peaks in the middle age ranges (35–54) and then progressively declines as one ages. In all age categories, income is higher than expenses, with the exception of the youngest (under 25) and the oldest (75+), who have the opposite tendency.
In actuality, those over 75 and under 25 spent marginally more than they made. While, Americans made 10,000–20,000 dollars more than they spent between the ages of 25 and 64. Spending was only a few thousand dollars lower in the 65–74 age group, where the gap is less pronounced.
In actual dollars, individuals under 25 or over 75 made and spent approximately 30,000 and 35,000, respectively. Individuals aged 25–34 and 65–74 both had incomes in the 50,000s and expenses in the 40,000s. In the middle, between the ages of 35 and 64, spending was about between $55,000 and $60,000, and income was between $70,000 and $80,000.
