charts: How Families Spend in countries

zerozero

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How Families Spend in Brazil, Russia, China, India, Egypt, Turkey, Indonesia, and Saudi Arabia - Derek Thompson - The Atlantic

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India

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Brazil

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China

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zerozero

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my brazilian brehs fukking up :ufdup: spending money on bullsh1t

Key stat: "The Brazilian consumer continues to stand out as the most optimistic across our survey. Barely 7% of household income is registered as saved and over a half of respondents suggest they have no extra cash for savings. Given the strength of projected real income growth, this is extraordinary. It is more typical of the countries where the consumer is being seriously squeezed than one where finances seem robust."
 

88m3

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I spend all my money on imports and housing

:manny:


Indians sure like to eat a lot eh @zerozero?
 
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Liquid

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They eating good in India breh...that spicy food is :ahh:
 

zerozero

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lol it's because (average) indians don't have too much disposable money so they need it for food
 

acri1

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WTF are Brazilians spending their money on? Drugs? :wtf:

But yeah, housing costs are high in general in the U.S., but ridiculously so in places like NY and LA. And I'm not surprised that people in poor countries have to spend a lot of their income on food.

Looks like Chinese people really do save a lot. :ehh:
 

88m3

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lol it's because (average) indians don't have too much disposable money so they need it for food

I thought there must be a solid reason. Is food expensive in India or are the earnings that low that they are expensive for the average family? Do you know what the average family size in is India? Ie Husband Wife dependents.
 

zerozero

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I thought there must be a solid reason. Is food expensive in India or are the earnings that low that they are expensive for the average family? Do you know what the average family size in is India? Ie Husband Wife dependents.

food and many commodities are actually heavily subsidized the reason is just lack of cash. if you click through to the article you'll see Egypt and Indonesia spend more

I had no idea actually before looking at this article that Egypt had such low per capita income

as for your family size question.. it all depends.. we're talking about a massive country with many different types of regions and lives.. I'm sure the info is online somewhere though
 

zerozero

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WTF are Brazilians spending their money on? Drugs? :wtf:

:yeshrug: probably pointless consumer lifestyles... they're expecting continual income growth so they're just on for the ride

edit: i looked up the original report and it says this:

perhaps an answer lies in perception of property as an asset. property purchase intentions are higher here than for other countries and have increased over the year. Moreover, 73% of respondents expect house prices to rise – higher than any of the BRIC countries. Coupled with a history of high inflation, real assets perhaps command more of a structural attraction.
 

Serious

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here's a quote to back-up my claim:
3. Pay for things in cash - Credit cards are still fairly rare in China and most people pay for everything in cash. What really impressed me is that many ordinary Chinese people were able to pay cash for their homes when the government allowed homeownership recently. The houses are not cheap, and it is amazing to see teachers and factory workers pull out savings equivalent to ten to twenty times of their regular salaries. Chinese people are wary of debt, and I think that is a good thing.
Chinese Money Habits - How My Culture Influences My Attitudes Toward Money | Wise Bread


I won't front the cost in living in China is low as heck. I probably spent less $40 when i was out there. And I brought $300....

I was :eat: too. Restaurants every night. Imagine being to go somewhere to :eat: with 9+ people and only paying $5(US). That's unheard of B. Not to mention, females went crazy when they saw a U.S. bill, as well as a dieseled out brotha :lolbron:
 
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question: why is housing so overwhelmingly expensive in america, but not in other parts of the world?
 
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