Re:A Random Distribution of Wealth (2017)
by dgb23 on Friday June 24, 2022 @08:34AM
(#31860820)
It's counter intuitive but its roughly the same percentages for most things. You'd be surprised at just how much a rich person spends on food, shelter transport etc. typically they will pay for very high quality, labor intensive and exclusive things. The difference is really just education and investment.
[ Parent
| on HN ]
> It’s counter intuitive but it’s roughly the same percentages for most things.
Do you have evidence for this claim? I don’t believe it’s true. Take food, for example, the US government publishes the fact that food spending as a share of income declines as income rises.
https://www.ers.usda.gov/data-products/chart-gallery/gallery...
https://www.ers.usda.gov/data-products/ag-and-food-statistic...