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Average household expenditures in Ontario in 2012 was $78,495 whereas the total median income of Ontario census families in 2012 was $74,890. This can be seen in this second link: http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil108a-eng.htm This relates to chapter 9 of Stanford's book as he states "most households spend essentially all their income on consumption, and hence their savings are non-existent" (114). This can be seen with the two figures above. If you take the two numbers, households are actually spending more than they are making.