Attention President Obama: One Third Of U.S. Households Can No Longer Afford Food, Rent And Transportation
by Tyler Durden
ZeroHedge.com
03/30/2016
While the median income had fallen by 13% from 2004 levels over the next decade, expenditures had increased by nearly 14%. But nobody was more impacted than the one-third of households which the study defines as “low-income.” Pew finds that while all households had less slack in their budgets in 2014 than in 2004, lower-income households went into the red by over $2,300. In other words, approximately one third of American households were no longer ablv to cover the core necessities – food, housing and transportation – with average income.
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