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The Cost of Food and Energy across Consumers :: Daniel Carroll :: Economic Trends :: 03.14.11 :: Federal Reserve Bank of Cleveland
For those astutely wondering why food and energy expenditures are a larger fraction of total expenditures than of total income for the bottom 20 percent, there is a much higher fraction of households in this quintile which may be using savings and credit markets to consume above their annual income. Likely categories are the unemployed, business owners with temporary losses, students living on loans, and retirees drawing down their nest eggs.
food  commodities  inflation  consumer  research  study  paper  trend  2011  energy  oil  income  Expenditure  poor  rich  distribution  economics 
march 2011 by asterisk2a

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