By  on April 25, 2016

As a percentage of total spending, Latin American consumers typically spend most of their earnings on food and drink. Compared to U.S. consumers, these shoppers also face cheaper housing costs.

With apparel spending, the percentages vary and are on par with the U.S., but two countries — Brazil and Argentina — have significantly higher expenditures, according to the latest analysis of the region by Fung Global Retail & Technology analyst Deborah Weinswig.

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