36% of Americans’ income in 2007 went towards food, energy bills, and medical care

By the end of 2007, 36% of consumers’ disposable income went to food, energy and medical care, a bigger chunk of income than at any time since records were first kept in 1960, according to Merrill Lynch.

By the end of 2007, 36% of consumers’ disposable income went to food, energy and medical care, a bigger chunk of income than at any time since records were first kept in 1960, according to Merrill Lynch.