How do Americans spend their money? And how do budgets change across the income spectrum?
The graph below answers these questions. It shows average household spending patterns for U.S. households in three income categories — one just below the poverty line, one at the middle of the income distribution and one at the top of the distribution.
Of each dollar the federal government spends, how much goes to defense? How much goes to Social Security? How much goes to interest on the debt? And how has this sort of thing changed over time?
Interested in creating data visualizations? Lam Thuy Vo, associate producer for National Public Radio’s Planet Money, has principles and ethics to guide you before you go after that data.
Photo is by Jer Thorp via Flickr.