Where the poor and rich really spend their money

Where people spend money

 

 

 

 

 

 

 

 

 

 

 

 

Lawmakers in several states are urging limits on how welfare recipients use public benefits, suggesting that the poor are buying things like lobster, filet mignon, vacations aboard cruise ships and visits to psychics. It’s an open question whether the problem these proposals aim to solve actually exists, but the Bureau of Labor Statistics just helpfully released new data on how the poor — and the rich — spend their money.

For the first time, the bureau released this data for ten equally sized classes of U.S. households, sorted by income. While the bureau doesn’t have data on lobster and filet mignon, the survey does provide a fascinating level of detail.  More at:

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/14/where-the-poor-and-rich-spend-really-spend-their-money/?tid=sm_tw