I ran across this.
It was interesting, until I saw these numbers:
the middle fifth of the population sliced their average annual spending to $41,150 in 2009... The drop came even as those households' after-tax income remained relatively stable over the two years, at an average $45,199.
So, people make $45k a year and spend $41k? No wonder we are in trouble.
October 6th, 2010 at 06:43 pm 1286387001
October 6th, 2010 at 08:55 pm 1286394920