The chart below gives information about the ratio of income to spending (in dollars) by Americans by age range in 2013.
The chart below gives information about the ratio of income to spending (in dollars) by Americans by age range in 2013. NAj
The data shows an overall rise and fall in both income and spending between young, middle-aged, and older Americans. Income rises and falls more sharply than spending.
Those under 25 and over 75 actually spent slightly more than they earned. In contrast, between the ages of 25 and 64, Americans earned 10, 000 to 20, 000 dollars more than they spent. This difference shrinks in the 65-74 age group, where spending was just a few thousand dollars less.
In terms of actual numbers, those under 25 or over 75 earned and spent around 30, 000 and 35, 000 dollars, respectively. 25-34 year-olds and 65-74 year-olds both earned in the 50, 000s and spent in the 40, 000s. In the middle, between ages 35 and 64, income was 70, 000-80, 000 dollars, and spending ranged from roughly 55 to 60 thousand.
The data
shows
an
overall
rise and fall in both income and spending between young, middle-aged, and older Americans. Income rises and falls more
sharply
than spending.
Those under 25 and over 75 actually
spent
slightly
more than they
earned
.
In contrast
, between the ages of 25 and 64, Americans
earned
10, 000 to 20, 000
dollars
more than they
spent
. This difference shrinks in the 65-74 age group, where spending was
just
a few thousand
dollars
less.
In terms of actual numbers, those under 25 or over 75
earned
and
spent
around 30, 000 and 35, 000
dollars
,
respectively
. 25-34 year-olds and 65-74 year-olds both
earned
in the 50, 000s and
spent
in the 40, 000s. In the middle, between ages 35 and 64, income was 70, 000-80, 000
dollars
, and spending ranged from roughly 55 to 60 thousand.
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