Almost half of the spending of poor Americans fell for luxury goods

Moscow. July 3. INTERFAX.RU American consumers love to buy luxury goods and spend on them a significant part of their funds, and this is true even for families with low income, according to a study conducted by Deutsche Bank Research.

The most wealthy households (earned in 2014, more than $134,3 million) spending 35% money on necessities, 65% on luxury items. Families with average income ($47,3-134,3 thousand) distribution costs were 50%/50%. The low-income (up to $47,3 million) households spend on luxuries 40% of their income.

According to official data, the median household income in the U.S. rose in April by 1% in comparison with March, to $59,36 thousand a year, writes MarketWatch.

According to the terminology of Deutsche Bank, luxury items are considered such categories of goods and services that take an increasing part of incomes, the growth of earnings. Necessaries – goods and services that people are spending a smaller share of income to increase it.