The bar graph illustrates the percentage of household expenditure on different types of goods and services, categorized by three different income levels.
What stands out from the chart is that the majority of expenditure is allocated to Housing across all income groups whereas the figure for education represents the smaller share. Noticeably, the most significant difference in spending among three income groups is observed in retirement savings.
Looking at the details, at nearly 28%, at the first place is the share for expenditure spent on Housing by low-,medium-, high-income groups, followed by the figure for transport, in which low-income and medium-income families (around 18%) spent relatively higher than high-income households (15%). Regarding food (at home) and Utilities sections, which share a relatively similar pattern: at approximately 13%, the figure for low-income households is higher than that of medium- and high-income households by around 5% and 7%, respectively. A nearly equal share of income at around 6% is allocated to Health and Clothing purposes by all three groups.
Regarding the remaining categories, all households spend less than 5% of expenditure on eating out, entertainment and education, with education receiving a slightly lower. Lastly, the largest difference is recorded in Retirement savings, which costed around 16% of high-income groups expenditure, while low- and medium-income households only spend nearly 3% and 10%, respectively.