How America Spends Money: 100 Years in the Life of the Family Budget

“This is our story today: It is a story about how spending on food and clothing went from half the family budget in 1900 to less than a fifth in 2000.It is a story about how a nation that feels poor got so rich. Here’s the big picture in one chart showing the share of family spending per category over the 20th century. The big story is that spending on food and clothes has fallen massively while spending on housing and services has gone up.”

via How America Spends Money: 100 Years in the Life of the Family Budget – Derek Thompson – Business – The Atlantic.

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