The given bar graph presents the information about the average expenditures of a family in three distinct salary range.
Overall, the chart demonstrate a significant portion of income being spent on housing, and the least on education and eating out. Notably, people with higher salary invest in retirement savings, while medium and low salary range people spent on transport.
People with high salary range of above $150000, with medium salary of $50000-$75000 and low range of $15000-$25000, all spent around 28% of their overall earnings on housing. Families with lower salary range, spent more on food, utilities and health in comparison to others. Similarly, medium scaled people spent the second most on transport at nearly 18%, along with others. Low and high salary range families have expenses of 17% and 15%, respectively. Clothing, education and retirement savings are the sectors where families with high salaries spend the most. Expenses on eating out and education are least spend, having around 4% of overall expense on eating out. Expenses on education varies with the salary range, with high at 6%, medium at 4% and low with 3%.
