Higher gas prices hurt everyone, but there's one group where the impact is significantly less significant, and that's the richest 20%, per this chart from Citi's Steven Wieting.
That the rich pay less of their income in gas is not surprising. What's notable is how big the difference is.
As you're looking for connections between higher gas prices, and the retail impact, bear this in mind.
Don't miss: Why Chairman Bernanke doesn't think an oil price spike merits a rate hike >
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Source: http://feedproxy.google.com/~r/TheMoneyGame/~3/WNKwH8WT75A/gas-prices-us-economy-2011-3
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