Where Americans—Rich and Poor—Spent Every Dollar in 2012

The Atlantic ^ | 09/16/2013 | Derek Thompson

[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.

[Responsibility2nd]

More info at the link.

[Red Badger]

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

[camle]

where’s taxes?

[Vigilanteman]

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

[cuban leaf]

I don’t see ‘P**N’ listed...

---

That’s because it’s free.

[Red Badger]

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

[cuban leaf]

where’s taxes?

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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.

[Secret Agent Man]

or bling.

[kempster]

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

[Red Badger]

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

[Vigilanteman]

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 . . .

[Tenacious 1]

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.

[Red Badger]

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

[cuban leaf]

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.

[Obadiah]

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.

[cuban leaf]

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.

[Responsibility2nd]

Good catch to all you caught the ommission of taxes.

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

[tiki]

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

[Uncle Miltie]

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.

[cripplecreek]

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.