How Americans Spent Money in 2012

 

how americans spend money

Housing, food, transportation, and clothing account for an estimated 66% of income spent for an average American household in 2012.

According to The Atlantic, housing, food and clothing account for more than 60% of expenses for the poor. Basically, most of their income is spent is covering basic needs and not much, or none, is left for savings. The rich, by contrast, have a larger margin that can be spent in entertainment, insurance, and savings.

Source: The Atlantic: Where Americans—Rich and Poor—Spent Every Dollar in 2012

 

The World as 100 People

In this interesting infographic, created by Jack Hagley, we take a look at the world as if the total population of the world was 100 people. The information presented covers topics such as the distribution of gender, information, spoken languages, literacy, religion, age, housing, water, nutrition, and population inhabiting each continent.

 

Housing Market: Interesting Links of the Day – June 28, 2012

    1. Housing Exuberance Led by Shiller’s U.S. Glamorous Cities – Steve Matthews and Prashant Gopal (Bloomberg)
    2. After Years of False Hopes, Signs of a Turn in Housing – Binyamin Applebaum (New York Times)
    3. Nikkei 225 Rises on U.S. Housing Data, Japan Retail Sales – Norie Kuboyama (Business Week)
    4. OMG: The Housing Market Is Booming All Over The Place – Matthew Boesler (Business Insider)