The charts provided demonstrate the variations across six categories in the US and the UK.
Overall, the consumption rent and food constitutes the highest proportion in both countries. In addition, people in both countries spend a similar percentage of their budgets on DVDs, going out, and transport.
In the UK, expenditure on rent represents the largest rate of consumer expenses, at 30%. Meanwhile, food accounts for 18% of the expenses of people, ranked 2nd. Conversely, there is a contrast in the US, where the percentage of expenses on food occupies the first palace and rent holds the second place, at 25% to 20% respectively.
It can be seen that many sectors such as transport, going out, and DVDs exhibit the same percentages of expenditures in both countries. Transportation and going out both take 15% of individuals’ costs in both nations. Additionally, spending on DVDs takes the lowest percent in the US and the UK, about 10%. However, expenses on books in the US are slightly higher than those in the UK, at 15% and 12% respectively.