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
We are spend RM 1000 in housing but bankrcupt
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.
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.
To determine what percent of his net income he can spend on other things, you need to first identify his total net income and the amount allocated for essential expenses. Subtract the essential expenses from the net income to find the remaining amount. Then, divide that remaining amount by the total net income and multiply by 100 to find the percentage. For a precise answer, specific figures are needed.