Feds: ‘Poor’ Consume Like The Rich

Published January 30, 2012 5:00am ET



As President Obama crafts a reelection income equality message aimed at punishing the rich and rewarding the poor, his own government finds that the 46 million living below the so-called “poverty line” live and spend pretty much like everyone else.

Forget the image of Appalachia or rundown ghettos: A collection of federal household consumption surveys collected by pollster Scott Rasmussen finds that 74 percent of the poor own a car or truck, 70 percent have a VCR, 64 percent have a DVD, 63 percent have cable or satellite, 53 percent have a video game system, 50 percent have a computer, 30 percent have two or more cars and 23 percent use TiVo.

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