The percentage of income that an American will spend total on clothes per year depends on the person. People might spend less than 1 percent.
what percent of your annual income is safe to spend on health related insurance?
It is known that 40% Americans eat European foods. This goes the same way with Europeans.
This past year, it was about 15% of gross income.
Americans spend the largest portion of their budget on housing, followed by transportation and food.
If you plan to spend 9 percent of your monthly income on medical expenses, you would budget $139.50 for a monthly income of $1550.
Too much
A general guideline for transportation expenses is around 15-20% of net income. Based on Jeff's net spendable income of $1450, he should plan to spend around $217.5 to $290 per month on transportation.
We are spend RM 1000 in housing but bankrcupt
19.92%
Families in less developed countries typically spend a significantly higher percentage of their total income on food, often ranging from 40% to 60% or more. This stark contrast highlights the economic challenges faced by these families, as a larger portion of their budget is devoted to securing basic nutrition. In contrast, Americans, with greater overall income and food availability, allocate a smaller fraction of their income to food expenses. This disparity reflects broader issues of economic development and food security globally.
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