Tag Archives: consumerism

American workers and motorists got some badly-needed relief this week when the price of oil plunged to its lowest level in years. The oil price has fallen by about 25 percent since its peak back in June of $105 a barrel. This is translating to lower prices at the pump …

Americans in some cities are spending nearly four times more of their income on groceries than others, a new analysis shows, with the hardest-hit households mainly in the Midwest and South. Residents of Detroit spend the largest share of their income on groceries — nearly 3.8% — followed closely by …