Monday, 15 October 2012 11:46
Written by Bob Adelmann
This report from the Bureau of Labor Statistics contains some startling and disconcerting news: those in the lowest income bracket take in about $10,000 a year, but spend about $22,000! Here are the basics: there are about 24 million households in the bottom fifth of all households. Their disposable income, after taxes, is $10,074 a year. [...]
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