Note that the scale stops at 2009.....................
Look at the graph - - the term “skyrocketing” works to describe the sudden rise in spending.
But, alas, it’s skyrocketing like a Saturn V moon-booster.
good point. i think a chart including 2010-11 would be much more depressing...
also, i doubt the graph adjusts for inflation, or QE2.
i think average income is actually going down, if those are properly accounted for.