Consumer Expenditures by Age
January 2017
There is a trend to expenditures and income, this trend closely follows a persons age. Naturally, for most of your life your income has to exceed or equal your expenses otherwise you would go bankrupt. However, in your early 20s studies show that your expenditures do actually exceed your income. In your 30s 40s and 50s the trend of income exceeding your expenditures makes sense, since you’ll be saving for retirement and unplanned expenses. By your 60s and 70s income and expenses level off.