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From Economic Policy Institute:
Little-known data on consumer spending show that only high-income households have been able to raise their living standards in recent years. A joint report from EPI and the Center on Budget and Policy Priorities analyzes U.S. Labor Department data and finds that between 2000 and 2005, consumption grew among high-income households, remained stagnant among middle-income households, and declined among low-income households. Read more from this post.
Posted on November 30, 2006 2:05 PM
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