Disposable Income – Today’s Personal Income figure came in at 4.4% today (year-over-year). The consensus-meeting figure is decent, although down from the recent 5% peak in July of this year. In addition to the top-line Personal Income figure, the Bureau of Economic Analysis releases a number of sub-estimates and related figures, one of which is Personal Spending. Personal Spending came in at a fairly weak 3% (year-over-year). The incredibly weak Personal Spending compared to moderate Personal Income has economists wondering – why? Why is spending not growing as quickly as income? Perhaps individuals are nervous about their job outlook, and…
Why is Spending Not Keeping Up with Income? It Is Not Because Of Cautious Consumers
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.
Comments are closed.