W3Schools

In One Chart: Lowest-income families spend 40% of their money on what economists label luxuries

It turns out that all Americans, regardless of income, spend a large percentage of their income on what economists categorize as luxuries.

People who make the most money spend the biggest chunk of their incomes on luxury goods, but even the poorest households spend a significant amount on luxuries, according to an analysis released recently by Deutsche Bank Research.

The wealthiest families (the top fifth of earners) spend around 65% of their incomes on luxury goods and 35% on necessities, according to the study, which looked at spending habits between 1984 and 2014. Middle-income households weren’t far behind: They spend 50% on luxuries and 50% on necessities.

>>> Original Source <<<