Households in the lowest income decile spend 32.8% of household consumption expenditure on food and non-alcoholic beverages. In the highest income decile the corresponding percentage is 7.3%. (Income and Expenditure Survey 2005/6, Stats SA)
This week’s theme: Food
Related facts:
- Inflation bites In South Africa, the highest quintile of earners* spend 9.6% of...
- Coughing up in Cape Town The average spend on tobacco products in the Western Cape is...
- Big spenders People with a per capita income of R20 or less per...
- Food for thought LSM 1 households spend on average approximately R400 per month of...
- Rich man, poor man The top 10% of households earn more than 50% of all...
Why is this? Can anyone explain this please? Doesn’t people in the high income brackets eat? This could surely mean that I would possibly be in the low income deciles as next to rent/bond payments, food & beverage is my highest expenditure.
It depends on how it is calculated. 32.8% of a low income of say R10000(R3280) is much less than 7.3% of a high income of R70000 (R5110)
Thank you R, have not thought about it that way, sort of makes sense.
R10000 is a “low” household income? Only about 20% of South African households earn more than this. Wake up R!