What People Spend Most of Their Money On, By Income Group, Relatively Speaking | FlowingData
Essential costs like housing accounted for 17% of total spending among households earning annual incomes of less than $15,000 while only representing 2% of costs among households earning $200,000+. On the flipside, 19% of total spending among households earning $200K+ went toward personal insurance and pensions compared to roughly 1.5% among households earning less than $15K.