Based on the average U.S. pay rate, it takes less than two hours of work to pay for 12 basic food items — tomatoes, eggs, sugar, bacon, milk, ground beef, oranges, coffee, lettuce, beans, bread, and onions.
That figure is nearly as low as it’s ever been.
Consumption may finally be taking a breather, as it should, but discretionary items like computers, DVD players, cellphones, digital cameras and color TVs have become far more affordable. And that even includes those families considered “poor.”
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