Tuesday, September 10, 2013

Poorest Americans Still Spending Less Than They Did in 2008 - Real Time Economics - WSJ

This article from The Wall Street Journal by  Ben Casselman caught my attention when I read the following. "But the gains in spending haven’t been evenly distributed. Low-income households — those in the bottom fifth of earners, meaning they made less than $19,000 before taxes in 2012 — are still spending less than they were in 2008. Those in the middle three fifths are spending 1.9% more, while the wealthiest 20% — those earning more than $96,000 — are spending 2.4% more." 

Poorest Americans Still Spending Less Than They Did in 2008 - Real Time Economics - WSJ

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