Submission Number: 563691-00023
Received: 1/30/2013 1:35:30 PM
Commenter: William Keep
Agency: Federal Trade Commission
Initiative: 16 CFR Part 429; Rule Concerning Cooling-Off Period For Sales Made At Homes Or At Certain Other Locations; FTC File No. P087109
Attachments: No Attachments
I ask that the FTC consider this increase in full recognition of the half or more of all US households that barely kept up with inflation over the past forty years. For example, in 2011 dollars the bottom two quintiles stayed essential unchanged: Lowest 20% - $19,472 (1972) v. $20,262 (2011); 2nd Lowest 20% - $37,501 (1972) v. $38,520 (2011). These households also faced disproportionate increases in some areas (e.g., healthcare), making other expenditures even more precious. Overall, 80% of all household lost ground in their relative share of aggregate income. Given the relatively stagnant income for many households and the significant impact of some expenses that far exceed the annual inflation rate, increasing the limit to $135 will offer less consumer protection for many households.