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Where AmericansóRich and PooróSpent Every Dollar in 2012
The Atlantic ^ | 09/16/2013 | Derek Thompson

Posted on 09/17/2013 10:42:49 AM PDT by Responsibility2nd

Here it is, fresh from the Bureau of Labor Statistics: all of American spending in one big color wheel.

~snip~

For the poor, food, clothes, and housing account for more than 60 percent of all spending. The rich have more left over for leisure, insurance, and savings.

(Excerpt) Read more at theatlantic.com ...


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: economics
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1 posted on 09/17/2013 10:42:49 AM PDT by Responsibility2nd
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To: Responsibility2nd

I don’t see ‘PORN’ listed................


2 posted on 09/17/2013 10:44:04 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: Responsibility2nd

where’s taxes?


3 posted on 09/17/2013 10:46:08 AM PDT by camle (keep an open mind and someone will fill it full of something for you)
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To: Red Badger

You silly goose! That’s under entertainment. And “massage parlors” would be under health care.


4 posted on 09/17/2013 10:46:13 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Red Badger

I don’t see ‘P**N’ listed...


That’s because it’s free.


5 posted on 09/17/2013 10:46:49 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Vigilanteman

Yeah, ‘Entertainment’....That’s what it is!........I wonder if Obozocare will cover massage parlors......strictly for medicinal reasons, you understand..............


6 posted on 09/17/2013 10:47:44 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: camle

where’s taxes?


They were hoping you didn’t notice. I believe that over the last decade or so, that has been where most of the spending increase for the average family has been.


7 posted on 09/17/2013 10:47:51 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Red Badger

or bling.


8 posted on 09/17/2013 10:48:01 AM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Responsibility2nd

The one main expense that I do not see is Taxes. Maybe they just forgot to include that. /sarc


9 posted on 09/17/2013 10:48:09 AM PDT by kempster
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To: cuban leaf

Free Pr0n? On the Interwebs?............I’m shocked!........


10 posted on 09/17/2013 10:49:30 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: Red Badger
If all those debit cards handed out in New Orleans after Katrina were any indication, medicinal massage parlors will thrive.

After all, they provide a natural cure to what Viagra does artificially . . .

11 posted on 09/17/2013 10:51:24 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: kempster

This is all “after-taxes” spending. The money you pay in taxes was never yours, how could it be considered spending? It was confiscated, not “spent” of your own free will.

That statistic would confuse the peasants anyway.


12 posted on 09/17/2013 10:52:08 AM PDT by Tenacious 1 (Waiting for next tagline.)
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To: Vigilanteman

It’s always best to go natural if you can.............


13 posted on 09/17/2013 10:52:25 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: Red Badger

Frankly, if safe search is off, it’s hard not to come across it in bing, be it pictures or video. I assume it’s all laced with viruses.


14 posted on 09/17/2013 10:52:53 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Responsibility2nd
Outside of taxes, nothing too surprising here. Of note, Americans spend about 13% of their income on food. This is probably among the lowest, if not the lowest, percentage of income of any nation on the planet.

Second, and of interest, is that the wealthy spend a lot more on insurance as they must protect the greater amount that they have. Also, the wealthy spend more on entertainment because I presume they both have the resources for more exotic type of entertainment experiences and they likely have far more leisure time than the common working stiff.

15 posted on 09/17/2013 10:53:22 AM PDT by Obadiah (I Like Ted.)
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To: Red Badger

Free Pr0n? On the Interwebs?............I’m shocked!........


Frankly, if safe search is off, it’s hard not to come across it in bing, be it pictures or video.

I assume it’s all laced with viruses, just like the real thing.


16 posted on 09/17/2013 10:53:33 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: kempster; camle

Good catch to all you caught the ommission of taxes.

And to all who question “Where’s porn?” - lolol Typical Freepers.


17 posted on 09/17/2013 10:54:08 AM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: Responsibility2nd

A few years back we were spending 10% on food...but there is no inflation.


18 posted on 09/17/2013 10:55:26 AM PDT by tiki
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To: Responsibility2nd

Insurance + Healthcare = 18% of the Economy 0bamaCare Socialized.

Note that the bottom quintile spent much less, because they were already subsidized in Medicaid (a payment in kind, not a spending), and didn’t have to spend much of anything on Insurance.

So, the books here are cooked to exclude taxes (as noted by everybody) and also to exclude welfare programs’ spending on behalf of the bottom quintile.

In reality, the bottom quintile are fat, dumb, and drugged up.


19 posted on 09/17/2013 10:55:31 AM PDT by Uncle Miltie (Why haven't we heard from the 30 Benghazi survivors?)
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To: Responsibility2nd

Way back in the grainy black and white days of my 1964 birth, it cost about one and a half week’s pay for my dad to pay for my hospital birth and he was a garbageman.

Few people in those days had insurance but most of the time they didn’t need it.


20 posted on 09/17/2013 10:56:52 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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