Determine whether the spending pattern described is at, above, or below the national average. Assume that any salariesor wages are after tax.
-A couple under the age of 30 has a combined household income of $3700 per month and spends $ 180 per month on donations.

Question

Determine whether the spending pattern described is at, above, or below the national average. Assume that any salariesor wages are after tax. 
-A couple under the age of 30 has a combined household income of $3700 per month and spends $ 180 per month on donations.

Quizplus · Accepted Answer

According to the 2021 Charitable Giving Statistics, the average American household donates about 2% of their disposable income to charity. For a household income of $3700 per month, 2% would be $74. Since this couple donates $180 per month, they are donating well above the average percentage of their income, making their charitable contributions above average.

Determine Whether the Spending Pattern Described Is At, Above, or Below