Where Does All the Money Go: Shifts in Household Spending Over the Past 30 Years
Brookings – Shifts in Household Spending Over the Past 30 Years, Jun 2016. “Economic progress occurs unevenly, diffusely, and at times unpredictably: whole categories of spending diminish or grow as technology and preferences shift. For instance, as the relative price of clothing has plummeted, the share of spending going to clothing has declined; at the …