Minnesota Farmer


Spending changes

 

I came across this interesting graph of the spending change from 1949 to today.  The huge shift away from food and apparel as the place most of our money goes tell a lot about our country.  We live in an area of abundant food and cheap clothing.  So we spend less.  The move to bigger, more expensive homes says much about what we do with that money.  We enjoy having a nice place to live.  That medical care and transportation more than double also tells a story.  We are getting older as a country and need more to keep us healthy.  The travel number is more a function of free time, some of it also because we are getting older and have more free time, so we travel.

Our spending habits -  then and now

 

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