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We are pleased to announce the launch of our Consumer Spending by Income Bands analysis tool, a new interactive way of exploring how spending on consumer goods and services varies across household income segments, countries, and time.
Consumer Spending by Income Bands provides an easy and flexible way to size the number of households for different income bands, explore what these households are spending their income on, and see each category’s share of household wallet.
The dashboard provides fully comparable consumer expenditure data on 12 key categories, including food, clothing, and housing, in 85 countries through to 2030.
Consumer Spending by Income Bands also provides innovative means for stress-testing analysis, in particular by assessing the impact of macroeconomic scenarios on the size and spending habits of each household income segment. For instance, in the chart below we can see how a No-Deal Brexit scenario (assumed to start in 2018) is expected to affect spending on leisure and recreation for upper-income families in the UK.
UK households with Annual Disposable Income Over US$100,000: Spending on Leisure and Recreation, 2016-2021
Source: Euromonitor International Consumer Spending By Income Bands
Note: Data in constant 2016 prices