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How Americans spend money, compared with other countries

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At www.washingtonpost.com


In short: Americans appear to spend more than their peers on housing, transportation, and health care — and we spend far less on clothes, food, and booze.
(image by Beverly & Pack for Flickr)

The Bureau of Labor Statistics has a fascinating new report out that compares consumer budgets in the United States, Canada, Britain and Japan. As the graph below shows, there's a huge amount of variation in what people in each country are spending their money on... In short: Americans appear to spend more than their peers on housing, transportation, and health care — and we spend far less on clothes, food, and booze. It shouldn’t come as a shock that American consumers devote a far bigger fraction of their budgets to health care than their peers abroad. That’s partly because Canada, Japan, and Britain all have more comprehensive taxpayer-financed nationalized health systems that curtail out-of-pocket expenses. (Though, as Catherine Rampell points out, when you add up both taxes and out-of-pocket expenses, the United States is still paying significantly more for health

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At www.washingtonpost.com


 

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