According to professor Juliet Schor's essay The New Politics of Consumption (published as part of Beacon Press's New Democracy Forum Series in 2000) more than 40 percent of adults earning $50,000 to $100,000 a year, and 27 percent of those earning more than $100,000 a year agree that "I cannot afford to buy everything I really need."
One third of those in the first income bracket and 19% of those earning $100,000 a year or more agreed that "I spend nearly all of my money on the basic necessities of life."
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