From Carpe Diem (https://www.aei.org/publication/blog/carpe-diem/):
“Another data point: Spending on “energy goods and services” as a share of total consumer spending fell below 4% of total consumer expenditures during the six months of 2016 for the first time since the BEA started collecting data back in 1929 (see chart above). That means that energy affordability (“energy frugality”) has been greater in the first half of this year, when measured by energy spending as a share of total consumer spending, than at any time in US history.”
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