America’s Weird, Enduring Love Affair With Cars and Houses
Derek Thompson | The Atlantic | Feb 25 2014 | link
$1 of every $2 Americans spend is on real estate and transportation. It doesn’t have to be that way.
Houses and cars. They fatten the economy and thin our wallets. Without them, recoveries don’t feel like recoveries
. The real estate and auto industries account for $1 in every $2 spent by the typical U.S. family, according to the Bureau of Labor Statistics
. Here’s your color wheel of spending…
A more detailed recent report
shows how families with different education backgrounds—a common and useful proxy of income level—divide their cash between movies, mortgages, and dinners at restaurants.