woman-overwhelmed-bills-confused

Even in today’s low inflation environment, rising living costs are weighing on low-income Americans, reports The Wall Street Journal.

According to Labour Department data, it adds, the bottom 10% of earners in the U.S. spend nearly 60% of their incomes on food and housing expenses, while the wealthiest 10% only have to dedicate 40%. Read more.

Also check out:

Canadians underestimate wealth gap

Insulate clients from rising rates

Guaranteed annual income implausible for Canada

Even among the rich, there’s a wealth gap

The ABCs of cash flow planning

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca