6:18 am October 27, 2010, by Henry Unger
Uncle Sam wants to know what you spend your money on. And so do we.
During the next 15 months, the U.S. Census Bureau will sample 27,500 American households to determine how we spend our money, AJC reporter Leon Stafford writes.
Last year, spending fell 2.8 percent, Stafford reports.
Where did we cut back?
Housing spending fell 1.3 percent while transportation was down a whopping 11 percent. We also cut back on food (down 1.1 percent), apparel (-4.2 percent), entertainment (-5.0 percent) and personal insurance (-2.4 percent).
The only increase came in health care, which saw spending rise 5.0 percent, the survey found.
Does this square with your situation? Where are you cutting back and where are you spending more?
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