Household Spending Patterns in Lower Income Countries
This section analyzes household expenditure patterns in lower income countries (LICs) using a pie chart.
The chart reveals that food accounts for the largest share of household spending in LICs, comprising over 60% of total expenditure. This high proportion allocated to basic necessities like food indicates limited disposable income for other goods and services. In contrast, spending on clothing, rent, and healthcare represent the smallest expenditure categories.
Highlight: In lower income countries, households spend over 60% of their income on food.
This spending pattern reflects the economic challenges faced by households in LICs, where meeting basic needs consumes most of the available income. It has implications for quality of life, access to education, and health outcomes in these urban areas.
Vocabulary: Disposable income refers to the amount of money households have available to spend or save after paying taxes and essential living costs.









