Where the Poor & Rich Really Spend Their Money

Where the Poor & Rich Really Spend Their Money

Lawmakers in several states are urging limits on how welfare recipients use public benefits, suggesting that the poor are buying things like lobster, filet mignon, vacations aboard cruise ships and visits to psychics. It's an open question whether the problem these proposals aim to solve actually exists, but the Bureau of Labor Statistics just helpfully released new data on how the poor -- and the rich -- spend their money.

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