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Transcribed

How The Poor Spend Their Money Vs. The Middle Class

Houshold Income $15,000-$19,999 $50,000-$69,999 Type of Spending Above $150,000 Food At Home 10.2% 7.7% 5.4% Food At Restau- rants, Etc. 4.7% 5.4% 5.4% Housing 29.2% 26.7% 27.5% Utilities 11.1% 8.2% 4.8% Clothes & Shoes 3.6% 3.2% 3.7% Transportation & Gasoline 20.4% 21.3% 15.5% Health Care & Health Insurance 8.2% 7.1% 4.5% Entertainment 4.8% 5.1% 5.7% Education 1.5% 1.3% 4.4% Saving For Retirement 2.6% 9.6% 15.9%

How The Poor Spend Their Money Vs. The Middle Class

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The rich get richer. It’s one of those old mantras that’s tough to really calculate. After all, didn’t everyone’s 401k tank in the last few years? Don’t rising gas prices suck equally for ev...

Publisher

NPR

Tags

rich poor

Category

Economy
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