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Identity and explain Q4. Samar's family spend relatively more money on clothes this year.dueto change in income. |
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Answer» When you don’t make much money, your focus is on housing, food, and important things like STAYING alive. However, as income INCREASES and you can more easily cover living expenses, the extra cash goes elsewhere.I REMEMBER being a poor graduate student, and a friend a couple years ahead of me had been working a six-figure job already. My spending radar was on two-dollar taco night at Rubio’s at the TIME. So any extra spending money was foreign to me.I asked, “What do you do with that?”He replied, “You find ways to spend it.”But on what? Here’s what people spend their money on in a year, grouped by income level. The NUMBERS are based on estimates from the 2016 Consumer Expenditure Survey, which the Bureau of Labor |
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