This blog is meant to capture the intersection of business, economics, politics, science, humanities, global culture, facts, figures, ideas, human nature, inventions, technology, health, food, sex...It is really an ode to life and the many things to think about and consider along the way.

Wednesday, August 10, 2011

How The Average US Consumer Spends Their Income

I've always wondered how much one "should" spend on travel and food.  As income goes up, I assume much more is spent on those items, but I wondered if the chart levels off or it it is directly proportional to income.

According to this (BLS stats), the average person spends about 10% of their income on food and 4.4% of their income on "entertainment." (Which I believe includes travel)

http://www.billshrink.com/blog/1204/consumer-income-spending/

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