The chart below shows how average middle-income families spent their household budget in two different years.
Summarize the information by selecting and reporting the main features, and make comparisons where relevant.
Household Budget Allocation-Middle Income
Answer:
The chart provides information about how average middle-income families spent their household budget in the year 2010 and 2012.
Overall, At the beginning of the period, misc spent the least to the household budget, while housing was the most significant household budget sector. In comparison, at the end of the period housing and food/clothes were increased. On the other hand, vacations/leisure and misc were decreased.
Housing sector accounted for 35% of the household budget in 2010 and experienced a more than threefold rise to one-half in 2012. Food/clothes were 25% in 2010 and these figures rose to 10% in 2012.
Vacations/leisure, which comprise a quarter of the household budget in 2010, fell to 15% in 2012. In 2010 household budget outputs from misc were at 15%, and ebb by 10% after the 2-year period.