THE TWO PIE CHARTS DEPICT THE HOUSEHOLD BUDGET ALLOCATION BY MIDDLE-CLASS FAMILIES IN FOUR DIFFERENT CATEGORIES IN THE YEARS 2012 AND 2015.
OVERALL, IT IS EVIDENT THAT MIDDLE-CLASS FAMILIES SPENT THE MOST OF THEIR INCOME ON HOUSING, WHEREAS MISC. WAS THE LOWEST RATIO IN 2015.
TO BEGIN WITH, IN 2012, FOOD/CLOTHES AND VACATIONS/LEISURE WERE EQUAL PROPORTIONS, WHICH STOOD AT ONE-FOURTH. THE HIGHEST AMOUNT SPENT BY MIDDLE-CLASS FAMILIES WAS ON HOUSING, WHICH ROSE 10% ABOVE THE FOOD/CLOTHES AND VACATIONS/LEISURE CATEGORIES (35%). THE LOWEST EXPENDITURE WAS BY LOW-INCOME GROUPS IN MISC. ACCOUNTED FOR LESS THAN A FIFTH.
IN 2015, HOUSING AND FOOD/CLOTHES WERE INCREASED BY 15% AND 10%, RESPECTIVELY. HOWEVER, THE EXPENDITURE BY MIDDLE-CLASS FAMILIES ON MISC. WAS DECREASED BY 10% (5%). SIMILARLY, VACATIONS/LESUIRE WAS LESS PREFERRED BY LOW-INCOME GROUPS, WHICH COMPRISED ONE IN TEN (10%). ALL THE CATEGORIES WERE DECREASED IN TERMS OF EXPENDITURE BY THE MIDDLE CLASS EXCEPT HOUSING AND FOOD/CLOTHES.
