Monday, August 24, 2009
Less is More for the Poor
Food Takes Up Larger Share of Low-Income Household's Budget According to the Bureau of Labor Statistics, the poorest 20 percent of households spent 20 percent of their income (average $2,005 annually) on food at home in 2007, while the wealthiest 20 percent spent 3.3 percent of their income (average $5,265) on food.
This paradox is a fact for low-income residents of California's San Joaquin Valley, where a tomato costs $1, the same price as a roll of toilet paper. They pay more for food grown in the valley, too, because they lack access to grocery stores, with bulk pricing and weekly specials. The stores aren't located in low-income neighborhoods, and residents without transportation end up relying on corner stores or gas stations.
Source: Fresno Bee, July 25, 2009