Wealth Inequality Might Be Hurting Families’ Retail Budgets
PYMNTS
MARCH 31, 2016
Housing costs now consume 50 percent more of these families’ annual budgets (compared to 1996), and transportation also eats up 7 percent more of their wallets (up to 15.7 The picture is even more dire for families on the lower end of the income spectrum. percent in 2014 from just 8.8 percent in 2009).
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