Americans spending 74% of incomes on necessities

Consumers in the Great Depression spent less of their income on basic necessities than people do today, according to an Illinois Public Action Council survey. Consumers now spend an average of 74 percent of their income on basic necessities, such as food, shelter, energy, and medical care. Consumers in the depression spent only 62 percen of their income on the same items. The increase is attributed to inflation.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK