Dnaielle Kurtzleben with two charts that describe the historic differences between America’s haves and have nots.
The richest 20 percent of Americans spend an average of $99,000 per year, according to the Labor Department. That’s nearly twice what the median household earns in a year. Not surprisingly, an outsized portion of what the rich spend goes to luxuries, like video games and motorcycles. The poor, meanwhile, spend on food, rent, utilities, and cigarettes.
Revealing. All from he Department of Labor.