Family Spending Is Stretching Budgets

[Purveyor]

If you think it's costing you more to run your household, you are onto something.

Household spending has risen 25 percent or more in the past two decades, even adjusting for inflation, yet incomes have not followed suit. And that means more families are stretching to make ends meet, according to research by the Pew Charitable Trusts.

And the big spending culprits are not extras like a third laptop or a giant TV. It's core expenses like housing and transportation, Pew found.



That has important implications for families' future financial prospects, said Erin Currier, director of financial security and mobility at Pew.

"It underscores how little slack families have in their budgets for mobility-enhancing investments like education, even liquid savings, any kind of wealth building," she said.



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http://www.cnbc.com/2016/03/30/family-spending-is-stretching-budgets.html

[MisterP]

1. well, uh, cut up your credit cards or something

[mpcamb]

2. $15 Bucks an hour. There's a start.

Is there a candidate who's in favor of this?

[Avalon Sparks]

3. And cable and wifi f

Which aren't necessities, but still.....especially wifi