How the rich, the poor and those in between spend their money

richpoor.jpg It might not be what you'd expect. As NPR's Planet Money lays out in this graphic (data is from the Consumer Expenditure Survey), everybody spends about the same proportional amount on housing, clothing, and eating out. Where the rich spend more - actually a lot more - is on education and retirement. That's because those items are usually paid after everything else and poor people often don't have any money left over after everything else.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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