An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, August 2, 2012
Planet Money — How The Poor, The Middle Class And The Rich Spend Their Money
This chart is an excellent overview for explaining why corporate backed politicians shed crocodile tears over gasoline, housing, education, and energy/utility prices. It's because they represent a higher percentage of costs for most voters (who earn less than $69,999).
This chart is an excellent overview for explaining why corporate backed politicians shed crocodile tears over gasoline, housing, education, and energy/utility prices. It's because they represent a higher percentage of costs for most voters (who earn less than $69,999).
ReplyDeleteReally poor people has no income or way less than 15000 USD anyway.
ReplyDeleteThis is, also, an US centric study. Most planet population id way poor than the average american 'poor'.
Just saying!