How The Poor, The Middle Class And The Rich Spend Their Money

[ogc163]

How The Poor, The Middle Class And The Rich Spend Their Money : Planet Money : NPR

 

[88m3]

I spend my money on new sheets

 

[Pool_Shark]

 

[alybaba]

This completely destroys the myth of poor people spending all their money irresponsibly on lottery tickets, liquor, clothes/shoes etc.

 

[feelosofer]

Ironically enough, there aren't any enormous differences in spending habits between all three groups but especially the middle-class and upper-class.

 

[mbewane]

Ironically enough, there aren't any enormous differences in spending habits between all three groups but especially the middle-class and upper-class.

Actually the only two big differences have HUGE impacts in the long term: education and saving for retirement. And those impacts are not only negative for the poor people who can't get proper education and/or retirement, but for society as a whole.

 

[stealthbomber]

interesting chart

im surprised at how close it really is, i thought entertainment for the rich be higher

 

[Dirty_Jerz]

ironically the rich can have money to save for retirement while the poor cant because they are most likely living check to check

 

[Ethnic Vagina Finder]

Without reading the article poor people spend almost all cash and the middle class use credit

 

[Mook]

the housing percentage isn't fair cause we all know the poor don't have a mortgage and that its for rent.

 

[88m3]

the housing percentage isn't fair cause we all know the poor don't have a mortgage and that its for rent.

Their rent is generally paid for by the state but yeah.

 

[Domingo Halliburton]

ironically the rich can have money to save for retirement while the poor cant because they are most likely living check to check

i dont think you know what ironic means.

is it a surprise the rich are able to save more money then poor people? what is the point of this article?

 

[TLR Is Mental Poison]

Their rent is generally paid for by the state but yeah.

Then what are they spending their money on for housing

 

[Creeper]

Actually the only two big differences have HUGE impacts in the long term: education and saving for retirement. And those impacts are not only negative for the poor people who can't get proper education and/or retirement, but for society as a whole.

Just playing devil's advocate here, but does the survey take into account for financial aid and grants for the poor because that would skew the results because the rich pay for their education, but the poor get more funding.

 

[Dirty_Jerz]

i dont think you know what ironic means.

is it a surprise the rich are able to save more money then poor people? what is the point of this article?

let me google that for you