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That's a reflection of a growing economy. Real incomes are higher so people have more to spend. Edit: add data Real personal income https://fred.stlouisfed.or
by cheriot 3y ago
That's a reflection of a growing economy. Real incomes are higher so people have more to spend.
Edit: add data
Real personal income https://fred.stlouisfed.org/series/RPI https://fred.stlouisfed.org/series/RPI
Real GDP https://fred.stlouisfed.org/series/GDPC1/ https://fred.stlouisfed.org/series/GDPC1/
- cheriot 3y agoI think I'm getting the unit right on this graph. Food at home as a percentage of disposable income: https://fred.stlouisfed.org/graph/?g=1aWLA https://fred.stlouisfed.org/graph/?g=1aWLA