munKNEE.com Your Key to Making Money
Consumers are the foundation of the U.S. economy and today’s chart plots data (reflecting median spending, and adjusted for inflation) from the Bureau of Labor Statistics (BLS) for 12 different consumer categories over a period of nearly 75 years to show the changing way in which Americans spend their money.
The comments above and below are excerpts from an article by Jeff Desjardins(VisualCapitalist.com) which has been edited ([ ]) and abridged (…) to provide a fast & easy read.
Over the years,
- cost reductions can be seen [see chart below] the most in both clothing and food categories, which have benefited from new technologies and cheap labor in other countries,
- while significant increases in spending can be found in healthcare, education, and transportation categories.
- Transportation spending appears to reflect the cost of oil, which hit its highest points in the early 1980s and late 2000s.
Dear Reader,
You are most likely one of the tens of thousands of new visitors to munKNEE.com (Your Key to Making Money!) each week.
Why not become a regular reader of some of the best articles on gold & silver, the economy, financial matters and the stock markets by simply entering your email address here to subscribe to our Market Intelligence Report (sample here)?
It is absolutely free and has an easy unsubscribe feature should you decide to do so at any time.
If you are a regular reader, why not:
-
forward this to a few of your friends,
-
suggest they join you in receiving the most informative and best written articles on the internet,
-
register to receive our above mentioned newsletter on a regular basis (register here) and
-
express their views in the Comment section provided at the bottom of each page?
Whether you are a new visitor or a regular reader you are urged to check the “Like” and/or “Tweet” buttons of those articles you most enjoy or “follow the munKNEE” on Facebook or Twitter.
Thanks.
