Assignment 5A: Gallup Polls

Assignment 5A: Gallup Polls Reviewing the Gallup website, one of the polls that spikes my attention is “U.S. Spending Returns to More Typical Levels in August”. The poll takes a look into the daily spending habits of Americans, on average. The spending amounts excludes most major purchases and household bills; it focuses on discretionary income. In July of 2016, the average daily amount that was spent was one hundred US dollars. That was an all-time high. The spending amount dropped down to ninety-one US dollars in August of 2016. A nine dollar drop in total. Americans decided to get in gear and slow down their spending. The population for this survey is all adults (18 years of old or older), who live in the 50 US states and the District of Columbia. Gallup selected a random sample of 15,249 adults. Gallup then divided the sample into two income categories. The two categories consisted of people with an annual household income of $90,000 or more and people with an annual household income of less than $90,000. People with income less than $90,000 a year

For example, some just graduated college and they are determining what their spending budget should be for the week. The individual may want to know what other people of that income level are spending per week. Of course, they should go with what is right for them. They are so many different variables that go into the daily spending amount. Some of the respondents that have taken the survey may have kids, therefore, they have additional expenses. Some people may have more bills. Gallup specifies that it is household income being used, they do not specify if people are married. If one is married, they may have less discretionary income because of the household size. Overall, it is an interesting survey. It allows one to compare your spending habits to those of other Americans, specifically on your income