It’s tax day. What better time to think about money and the economy, right? Probably depends on whether you filed early or you’re rushing off to the post office today; I’ll bet it’s also a delicate subject if you discovered you owed Uncle Sam more than expected. Anyway, some interesting data on household budgets:
This chart fascinates me. It shows the percentage of a two-person family’s annual income spent across a variety of categories in 1935-1936. I love that both reading and tobacco made the list. Reading DEFINITELY makes the list in my book!
Ironically, my commuting costs, car payment and insurance premiums cost 6.7% of my annual income–it’s not entirely unreasonable to think that even though this guide was published in 1940, some of the other percentages still hold true as well. Taxes and medical expenses, probably not, but I’m curious about some of the others.
I can’t even imagine trying to live on $1500 a YEAR. For TWO PEOPLE. Not in the United States, anyway.