Table 2
Budget shares of major spending categories by income quintile, 2013
Lowest quintile | Second quintile | Third quintile | Fourth quintile | Highest quintile | |
---|---|---|---|---|---|
dollars | dollars | dollars | dollars | dollars | |
Average household expenditures | 31,417 | 47,825 | 66,680 | 93,005 | 155,888 |
shares of spending (%) | shares of spending (%) | shares of spending (%) | shares of spending (%) | shares of spending (%) | |
Food | 13.8 | 13.4 | 11.4 | 10.0 | 7.8 |
Shelter | 30.4 | 26.3 | 22.2 | 20.5 | 16.6 |
Clothing and accessories | 5.3 | 5.0 | 5.0 | 4.3 | 4.1 |
Transportation | 15.6 | 15.9 | 16.6 | 16.5 | 13.7 |
Income taxes | 1.3 | 6.0 | 11.0 | 15.8 | 28.3 |
Source(s):
Survey of Household Spending (3508).
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