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Real disposable personal incomes are up from 5 years ago. The spike in 2020 was because of a flood of government money and all of the low wage workers being eje
by laidoffamazon 3y ago
Real disposable personal incomes are up from 5 years ago. The spike in 2020 was because of a flood of government money and all of the low wage workers being ejected from the workforce.
https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96
The economy being fine to good is literally the only evidence available. Nobody is acting or voting like the economy is actually bad.
We're seeing revealed preferences in action.
- bequanna 3y ago“Real disposable incomes” <- this is based on an inflation measuring methodology that intentionally under measures inflation