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Americans' living standards rise across century study
A new Bureau of Labor Statistics report analyzes 1901 to 2002-03 consumer spending, showing real income growth and shifting spending patterns. It notes 1901 households earned $750 with 9.5 percent from children, 4.9 in family size, and food dominating 79.9 percent of spending, versus 2002-03 where $50,302 income, 2.5 people, and food 50.1 percent. The study highlights changes in food, housing, and entertainment driven by demographics, immigration, credit, and urban growth.
MENTIONED IN THIS ARTICLE
New York
U.S. Bureau of Labor Statistics
U.S
New York City
Boston
Michael Dolfman
Bureau of Labor Statistics
Denis McSweeney
United States
Dolfman