Compared to 75 years ago, Americans spend less on reading, alcohol, tobacco, clothing, and food. They spend more on education, entertainment, and transportation, but the real bank-breaker is how much more Americans spend on housing, even adjusted for inflation.
According to Howmuch.net, "The data were collected from the Bureau of Labor Statistics. The data is adjusted for inflation and measures median spending of all Americans."
Unsurprisingly, housing expenses have almost always been the largest area of spending in America for over 70 years. The only exception is 1941, when spending on food averaged $8,311, whereas spending on housing came to $7,537. However, in 1941 the government included alcohol in the food spending category, which inflates the food spending data for that year. In the other years, alcohol was given its own category. In every other year measured, spending on housing outpaced every other category.
• Unprecedented Spending Trends in America, in One Chart (HowMuch.net)
$3 Trillion Coronavirus stimulus bill called ‘HEROES Act’
Today, in an exchange with a noted fan on Fox Business, impeached and manifestly unfit President Trump said a bunch of really dumb untrue things on live television that made no sense at all.
• U.S. jobless claims totaled 2.98 million last week, unemployment is close to 16%
Twitter rants and various online ugliness aside, social media has actually grown up a bit over the past 15 years. In general, users are warier of their interactions on platforms like Facebook or Instagram — and marketers have taken note. In fact, if you felt retailers you saw on social media were only looking to […]
Virus quarantines and shuttered restaurants sent millions of Americans back to their homes, only to rediscover the joys of firing up an oven and cooking something special for themselves. Whether by desire, necessity, or both, many of us have certainly been spending more time in the kitchen these last few months. And we haven’t just […]
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