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Originally Posted by cercis
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OK, this is from several years ago, but was a recent ‘Market Basket’ of goods and services, supposedly representing the budget of the average American.
There are seven broad categories:
* HOUSING - 41%
* FOOD & BEVERAGES - 18% (1/3 spent eating out)
* TRANSPORTATION - 18%
* MEDICAL - 6%
* APPAREL - 6%
* ENTERTAINMENT - 4%
* OTHER - 7% (includes both tobacco & education & misc.)
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Just SOME of the items the supposedly representative ‘Market Basket’ doesn't include:
* Health Insurance Premium increases
* Medicare Insurance Premium increases (almost 40 million people)
* New Car price increases
* Mortgage payment increases
How many people do you know (outside of the young & healthy) who only spend 6% of their income on medical related expenses ?
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