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Where Does All the Money Go
Report

Where Does All the Money Go

Shifts in Household Spending over the Past 30 Years

Diane Whitmore Schanzenbach, Ryan Nunn, Lauren Bauer and Megan Mumford
The Hamilton Project, 2016
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Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening
  • Hot Topic

Recommendation

The United States faces challenges as the cost of basics like food, rent, medicine and transportation increase. The Hamilton Project analyzes 30 years of census data since 1984 and shows that growing housing and health care costs present an obstacle to economic security, particularly for low-income families. getAbstract recommends this insightful report to US economy watchers and those interested in the social impact of current economic trends.

Take-Aways

  • Low-income US households spend more of their money on basic needs like housing, food and transportation than higher-income households.
  • Discretionary spending within low-income households has decreased since 1984 because higher percentages of their income have gone toward housing and health care.
  • Transportation and clothing prices have fallen in the past 30 years, resulting in proportionately less spending in those categories at low- and middle-income levels.

About the Authors

Diane Whitmore Schanzenbach, Ryan Nunn, Lauren Bauer and Megan Mumford are the director, policy director, visiting fellow and senior research assistant, respectively, at The Hamilton Project.

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