The Surging Cost of Basic Needs

For low-income households, it's no surprise that a large proportion of their spending goes to basic needs, such as housing and food, while high-income households have traditionally had more discretionary spending. But how do families cope when the cost of housing goes up, or the cost of transportation goes down? And how have their budgets adjusted in light of these changes in order to pay for everything? A new report from The Hamilton Project of the Brookings Institution looks at how the composition of household spending across income levels has changed over the past 30 years. Analyzing data......(read more)

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