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Budgeting in a New Year and America's Spending Patterns
Edna Robb Webster discusses practical budgeting as a New Year duty, noting average family deficits of 7.96 dollars on incomes around 1711.87 dollars. She contrasts personal budgets with national spending, detailing how 22 percent of income is spent on luxuries, 14 percent wasted, and 11 percent invested, with education and religion receiving smaller shares.
MENTIONED IN THIS ARTICLE
United States
United States Treasury Department