The Department of Labor monitors consumer expenditures through its annual Consumer Expenditure Survey. In 2011, consumers spent after taxes about 13 percent of their income on food, 34 percent on __________, 4 percent on clothes and 24 percent on transportation and health care, with the rest generally considered discretionary.
A)education
B)housing
C)vacationing
D)entertainment
E)investments

Question

Quizplus · Accepted Answer

Housing is the most common and expensive necessity for consumers and typically requires the highest percentage of income allocation.

The Department of Labor Monitors Consumer Expenditures Through Its Annual