How Americans at each income level spend their money

Flickr / Kevin Harber

• Nathan Yau of Flowing Data made a series of charts illustrating how Americans in different income brackets spend their money.
• Wealthier Americans spend more on houses they own than poor Americans, and they are far more likely to save big sums for retirement.

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If you started making twice the amount of money that you do today, how would your spending habits change?

Consider if the tables were turned, and you instead were reduced to half of your current income. Where would you likely make cuts to spending?

See the rest of the story at Business Insider

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SEE ALSO: The 15 richest cities hold 11% of the planet's wealth

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