Distribution of household income and consumption on demographics and income decile
In this project, the survey of consumer expenditure and income and wealth statistics are combined with National accounts data. The main purpose is to study how income, consumption and savings are distributed among different types of households. The population is divided into demographic groups based on age, civil status and whether they have children or not. In addition, households are divided into income quantiles. The consumer expenditure survey was last conducted in 2012, and is the year this analysis is based on.
Income and consumption are highest in the groups of couples with children and the lowest among people living alone. Wage income is the biggest income component in all households, except for households where the main income earner is over 65 years old; In this group, the main income comes from transfers.
Consumption and savings are increasing with disposable income. If one had only looked at wages and income from capital, the difference between the income quantiles would be even greater, but since net transfers are negative in the highest quantiles and positive in the lowest, the difference becomes somewhat smaller.