The poor definitionally spend a higher percentage of their income on just about ... | Hacker News

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		mecha_ghidorah on May 23, 2024 \| parent \| context \| favorite \| on: One-third of Amazon warehouse workers are on food ... The poor definitionally spend a higher percentage of their income on just about everything because their income is significantly smaller

bryanlarsen on May 23, 2024 [–]

True, that is the primary effect.

But it holds even if we calculate as a percentage of expenditures rather than as a percentage of income.

The poor tend to spend more of their money on hard goods and the rich a higher percentage on services. And of course goods are a lot easier to import than services.

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