3 ms·
You're right, that is an interesting theory. It doesn't appear to be supported by anything in reality though. Personally my expenditures go to primarily to ho
by antoko 14y ago
You're right, that is an interesting theory.
It doesn't appear to be supported by anything in reality though. Personally my expenditures go to primarily to housing, utilities, travel and food. I'm not sure how any of those boost China's economy directly - Wells Fargo is probably quite heavily invested in China one way or another though.
This "average" consumer spending infographic would appear to back that up.
http://www.billshrink.com/blog/1204/consumer-income-spending/ http://www.billshrink.com/blog/1204/consumer-income-spending...
It doesn't break down along income lines which is unfortunate, that information would inform discussions around minimum wage much more. I did find the age break down interesting though.