The real reason well-educated people spend 9x more on booze:
A fascinating new visualization from Visual Capitalist that examines Americans’ spending data from the Bureau of Labor Statistics shows what Americans of varying education levels spend their money on. And while there are a number of interesting takeaways, one thing that sticks out is this: Just how much more, on average, educated Americans spend on booze than their less educated counterparts.
Plus, some of the higher alcohol spending from those with more education is because they tend to earn more money, so they spend more on everything. On average, people with a graduate degree have income that’s upwards of $100,000 and spend more than $83,000 a year, while those with less than a high school degree earn less than $30,000 and spend only about $28,000.
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