Deutsche Bank Did Not Say That The US Poor Spend 40% Of Their Income On Luxuries

All of this has absolutely nothing at all to do with what we think of as "luxuries" and "necessities." Deutsche Bank has said the poor spend 40% of income upon luxury goods, not luxuries.

from Forbes Real Time http://www.forbes.com/sites/timworstall/2017/07/05/deutsche-bank-did-not-say-that-the-us-poor-spend-40-of-their-income-on-luxuries/
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