Economy of Peru - Income and Consumption

Income and Consumption

Peru divides its population into five socio-economic classes, A-E, with A representing the rich; B, the upper middle class; C, the middle class; D, the working class and low income families; and E, the marginalized poor.

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Famous quotes containing the words income and/or consumption:

    “There are few sorrows, however poignant, in which a good income is of no avail.”
    —Logan Pearsall Smith (1865–1946)

    “To expect to increase prices and then to maintain them at a higher level by means of a plan which must of necessity increase production while decreasing consumption is to fly in the face of an economic law as well established as any law of nature.”
    —Calvin Coolidge (1872–1933)