Personal consumption and expenditures

May 27, 2022 at 10:14 AM EDT

Pretty much back on the pre-Covid trend line: But income is on the decline: So consumers are spending more than their incomes, mainly through borrowing: The post Personal consumption and expenditures appeared first on Mosler Economics / Modern Monetary Theory .

Pretty much back on the pre-Covid trend line:

But income is on the decline:

So consumers are spending more than their incomes, mainly through borrowing:

The post Personal consumption and expenditures appeared first on Mosler Economics / Modern Monetary Theory.