Thursday 24 May 2007

American Spending

by Dave Pollard

While this post is talking about the impact of oil, I find this quote disturbing:

here's how the average costs of living in North America break down, per $100 in household income:

Expenses heavily dependent on oil: $52

* Food $10
* Transportation $22
* Heating / Air Conditioning $5
* Health Costs $4
* Clothing $5
* Furniture & Home Maintenance $3
* Cosmetics & Household Products $3

Expenses dependent on interest rates: Housing $24

Other expenses: $28

* Taxes $15
* Insurance, Child Care and other service $13

Total expenses per $100 of household income: $104.


Where is the household's spending on child(ren) education?

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