Takeaways:
1. fuel costs (3.2% of total expend) compared to transport (12.9%) & housing (25.0%). But stock & vehicles obv dictate how you use fuels.
2. Expend increasing in rural areas as fast or higher than income!
3. Expend is what people spend, not what they want to spend (more or less).
1. fuel costs (3.2% of total expend) compared to transport (12.9%) & housing (25.0%). But stock & vehicles obv dictate how you use fuels.
2. Expend increasing in rural areas as fast or higher than income!
3. Expend is what people spend, not what they want to spend (more or less).
Reposted from
David Hsu
Researching energy affordability, a surprisingly poorly defined concept.
In BLS CES data, energy expenditure as a % of income has not changed much as both incomes and costs have risen. But it is interesting when you look at growth in different subgroups and regions: www.bls.gov/cex/tables/c...
In BLS CES data, energy expenditure as a % of income has not changed much as both incomes and costs have risen. But it is interesting when you look at growth in different subgroups and regions: www.bls.gov/cex/tables/c...
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