The team at Qualtrics offers a fascinating look at how Americans are spending their money, with a graph breaking down spending by category and then by income bracket. Through this graphic, we can see which products are the most expensive and what Americans value the most. In the first chart, bubbles show us the areas where the most spending occurs.
Americans spend the most in these five categories:
- Housing
- Transportation
- Personal insurance
- Healthcare
- Food
Housing is no surprise, as inflated prices and housing shortages have been a recurring topic in the news for the past few years. Cars have also experienced a price increase since the COVID-19 pandemic caused a parts shortage. As we look at the chart below, we can see that the overall spending categories can vary among income brackets, except for housing. Among all incomes, Americans spent the most money on housing.
infographic by: www.qualtrics.com
