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The larger share of Americans income is allocated to spending on

1 Answer

11 votes

Answer:

Housing

Step-by-step explanation:

On average, Housing takes up around 22% of the people's income in United States. Followed by Household needs and insurance with 9% and 8% of the income fraction.

This data only applicable to average Americans. Those who have high income bracket usually only spend very small portion of their income across the board and can put most of them into investments or saving.

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