Now I Get It
Now I Get It
Monday, May 5, 2008
I
don’t own a car. I walk to work. And as a result, I haven’t
really understood the full impact of rising gas prices on average
Americans. Now, courtesy of this graphic in the New York Times, it’s much clearer.
Gas
spending represents 5.2% of the spending of the average household - and
that’s up 26.0% over the past year. Incidentally, all the “reds”
are fuel-related. The next category of top increases - yellow -
are either plane tickets (ergo fuel) or primarily food stuffs.
What’s way down in price? Computers and women’s clothing.