The table depicts the average monthly expenditure of people per month on different age categories of goods, while the pie chart illustrates the proportion of total spending allocated to each category in 2020.
Overall, upon scrutinizing the figures, the expenditure of food and health increased with age, while spending on education, clothing decline. Moreover, food hold highest share of total investment.
18-25 age group spent on food $217 and this trend rose with age and $482 was peak number at age of 46-55. A similar trend noted with health. By contrast, expenditure was decreased with age on cloth, entertainment. Moreover, education dropped from $46 in 18-25 age to $0 at 46-55 age.
Food accounted for the largest share of total spending at 40%, while entertainment and health each represented 15%. In addition, clothing made up 20% of total expenditure, whereas education accounted for the remaining 10% in 2020.
