Chile is 2nd biggest basic goods consumer in latin america

The average Chilean family spends US$66 per month on personal and home products, food, and beverages, according to a recent LatinPanel Research Study. Mexico leads the poll with average home spending of US$86 per month. Argentina trails Chile at US$34.

The study also revealed different overall spending patterns among citizens of differing socioeconomic backgrounds. For example, Peru’s richest spend twice what its middle class spends - US$457 versus US$237. Chilean households show a similar pattern - the higher- income homes spend US$684 while the lower- income homes spend US$433.

In Mexico and Venezuela the spending gap between rich and poor is smaller. “In Mexico all homes spend a lot and are preoccupied with labels,” stated researchers from study. Mexico’s high-income homes spend US$860 per month while lower income homes spend US$709.

The study was taken the first nine months of 2007 and considered 33,000 households in 15 Latin American countries.

Publication: Santiago Times
Provider: Chip News
Date: January 29, 2008