Another feature shown by the data is the movement away from home-ownership and associated costs. Families are more likely to rent than in 2007, so mortgage spending is down and rent spending is up. Some of the other categories where spending fell – appliances and furniture – are complements to home-owning.
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2 comments:
Insurance rates have gone up every year since the beginning of time. Tell us something else new.
Of course it because now the freeloaders, who used the ER for free, now have to buy insurance.
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