Personal income and consumption

Personal income, which includes gov transfer payments, is coming down in steps after spiking for the fiscal adjustments, and still remains a bit higher than it would have been as transfer payments wind down: Transfer payments are coming down, but remain elevated largely due to unemployment: Excluding transfer payments it’s still well short of where […] The post Personal income and consumption appeared first on The Center of the Universe .

Personal income, which includes gov transfer payments, is coming down in steps after spiking for the fiscal adjustments, and still remains a bit higher than it would have been as transfer payments wind down:


Transfer payments are coming down, but remain elevated largely due to unemployment:

Excluding transfer payments it’s still well short of where it was:


Real consumption, supported by transfer payments, has come back but is leveling off below pre-covid levels:

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The post Personal income and consumption appeared first on The Center of the Universe.

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