Evidence suggests that spending by quintiles is more evenly distributed than income by quintiles.

Question

Quizplus · Accepted Answer

Studies have shown that spending patterns tend to be more equal across income quintiles, meaning that lower income households spend a larger percentage of their income on necessities (such as housing, food, and healthcare) than higher income households. This suggests that spending by quintiles is more evenly distributed than income by quintiles.

Evidence Suggests That Spending by Quintiles Is More Evenly Distributed