Again, this is horrible, horrible cherry picking! 1. 2022 was right in the middle of the disruption, which is now over. 2. You're showing a derivative chart a

Again, this is horrible, horrible cherry picking! 1. 2022 was right in the middle of the disruption, which is now over. 2. You're showing a derivative chart and not the value, which amplifies noise into signal. What if it showed a giant leap in the following quarter (which it does!), would you change your mind from "it's terrible" to "it's amazing"? 3. Disposable income tends to be a noisy statistic anyway as it's a delta statistic conflates motion of two different measurables (income and expenses) that are perfectly measurable by themselves. 4. You're just wrong anyway. Here's the FRED chart (always go to FRED, always, everyone else is peddling something) of exactly the statistic you posted. Tell me if this chart is consistent with the story you interpreted: https://fred.stlouisfed.org/series/DSPI https://fred.stlouisfed.org/series/DSPI Edit, sorry: that was the nominal chart, here's the inflation-correct one. Needless to say, it tells the same story: https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96