Family Expenses｜The average family spends $5000 a month to eat out of the street and there is money to buy food for poor families to buy more

The government began to issue the first phase of 5,000 yuan electronic consumer coupons on August 1. Many people believe that the amount distributed this time is too small.

How much does Hong Kong households spend every month?

Where are they usually used?

How are household expenditures at different income levels different?

What has changed in recent years?

Here are a few pictures to tell you one by one.

According to figures from the Census and Statistics Department for 2019/20, the average monthly expenditure of households in Hong Kong is $30,230; households with lower incomes (the lowest 25% of households) spend an average of $10,134 per month, while households with higher incomes spend an average of $10,134 per month It amounts to more than 59,000 yuan (for households with the highest income level of 25%).

Regardless of the income level, food and lodging account for the largest part of their expenditures. Among the low-income families, the proportion of food expenditures is higher than that of housing, while the situation for high-income families is the opposite.

Top Ten Expenditure Items for High Income vs Low Income

A specific comparison of different expenditure items reveals that the top ten most expensive consumption items of low-income households are mostly basic daily necessities, such as food, car fare, electricity, etc., while the top ten expenditures of high-income households are mostly service-related. Expenses, such as vehicle maintenance, household management miscellaneous expenses, etc.

It is worth noting that among the expenses of high-income families, tuition is the third highest, with an average of 3,489 yuan per month, while for low-income families, tuition is the seventh largest expenditure, with an average monthly related expenditure of only 207 yuan, a difference of more than 16 Times.

High- and low-income families have the same spending on cigarettes

Interestingly, regardless of whether high-income or low-income families, the monthly expenditure on cigarettes is 85 yuan. In addition, low-income families eat more freshwater fish than high-income families.

Comparing the average expenditure of households in different regions, households on Hong Kong Island have the most expenditure, with an average monthly expenditure of more than 40,000 yuan, followed by 29,000 yuan in the New Territories, and an average monthly expenditure of about 27,600 yuan for Kowloon households.

The Census and Statistics Department conducted a similar survey as early as 2014/15. Comparing the two sets of data, we can see the changes in public consumption: rent expenditure is naturally the most exaggerated item, rising more than $1,700 in five years, followed by information and Telecommunications equipment.

On the contrary, the largest reduction in operating expenses was tourism, followed by women's clothing.

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