Tuesday, July 25, 2017

How Necessities Have Eaten America's Personal Discretionary Spending Capacity

The Rent Is Too Damn High

A Business Insider article tells us "How America's spending habits have changed since 1941".

Spending "habits"? How about how costs have changed?

Seriously, who really believes that Americans want to allot such large portions of our income to housing -- whether rent or mortgage -- and transportation? Let's not forget about debt service, largely for housing and for investing in education to get jobs. And how many wouldn't want to be able to spend more on clothing, food & dining, and personal care?

New headline: how necessities have eaten America's personal discretionary spending capacity.

No comments:

Post a Comment