Showing posts with label spend. Show all posts
Showing posts with label spend. Show all posts

Tuesday, April 7, 2015

America's Poor Spend 60% Of Their Income On Food & Housing Proving CPI Is Meaningless

http://www.zerohedge.com/news/2015-04-06/americas-poor-spend-60-their-income-food-housing-proving-cpi-meaningless
For many Americans, the rise in food and housing prices is a tough squeeze. That’s because—even in an era with low overall inflation—low-income Americans spend a disproportionate share of their money on food and housing.

New data from the Labor Department show the extent of the discrepancy. The bottom 10% of Americans, by income, devote 42% of their spending to housing and an additional 17% to food–nearly 60% of their total spending, according to the Consumer Expenditures Survey. By contrast, the wealthiest 10% of Americans dedicate only 31% of their spending to housing and 11% to food–closer to 40% of total spending…

Tuesday, May 4, 2010

A poster from 1934

These are words from a poster in 1934, a parody on the times.

Plan of Action for US

SPEND! SPEND! SPEND!

Under the guise of recovery

- Bust the government

- Blame the capitalists for the failure

- Junk the Constitution and declare a dictatorship