Tag Archives: Personal Income

Summary I have argued for some time that a robust recovery will occur after households adjust spending downwards. I believe that households must adjust spending down to reflect levels of lifetime wealth that are lower, after the global financial crises … Continue reading →

Summary September personal income figures released yesterday show an increase in spending relative to income. This is not good news because the higher spending means savings rates are down and household de-leveraging and spending adjustments are not proceeding. In my … Continue reading →

Summary July personal income figures released today show an increase in spending relative to income. This is not good news because the higher spending means savings rates are down and household de-leveraging and spending adjustments are not proceeding. Furthermore, revisions … Continue reading →

Summary Personal income figures released today are some of the best economic news to come out recently, contrary to what most commentators have claimed. The headlines report that spending and income has stagnated, but the real news is in the … Continue reading →