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What we buy

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Related to yesterday’s post about how much we make, today we bring you this chart that explains how we spend it.

But poor families spend a much larger share of their budget on basic necessities such as food at home, utilities and health care. Rich families are able to devote a much bigger chunk of their spending to education, and a much, much bigger share to saving for retirement. (The retirement line includes contributions to Social Security and to private retirement plans, by the way.)

You can read the full story here.

 

Written by CBOWEN@GIE.NET

August 2nd, 2012 at 1:03 pm

Posted in research

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