Americans spending 74% of incomes on necessities
Consumers in the Great Depression spent less of their income on basic necessities than people do today, according to an Illinois Public Action Council survey. Consumers now spend an average of 74 percent of their income on basic necessities, such as food, shelter, energy, and medical care. Consumers in the depression spent only 62 percen of their income on the same items. The increase is attributed to inflation.