Political Factoid
The recession began in 2008 and by the end of 2010,
the spending by the average American family
had actually increased in some key areas:
Category |
Change |
Notes |
a. |
Telephone equipment |
+16.6% |
1, 2 |
b. |
Pets |
+14.4% |
1 |
c. |
Education |
+13.4% |
3 |
d. |
Childcare |
+12.8% |
4 |
e. |
Health care |
+10.8% |
5 |
f. |
Housing |
+6.4% |
|
Notes:
1 |
- |
Primarily discretionary spending |
2 |
- |
Manufactured in China |
3 |
- |
Needed to try to get new job |
4 |
- |
Needed while now working two jobs |
5 |
- |
More money, less care |
cf.
526,
5645
|
|
-30-
|