Macro: Personal Income And Outlays
Image Source: Pexels
The growth rate of income and consumption are at healthy levels. But there are some aspects of this growth that I’d like to point out. Though we have healthy rates of growth, the concern is that both incomes and consumption are slowing.
I know we had excess savings from government transfers to the private sector. But we also had excess spending for the past two and a half years. So the second concern is the savings rate, which is in the lowest decile of history.
And finally, private sector income growth is underperforming government income growth. When the private sector is weaker than the government sector, history often proves that we should be wary.
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
More By This Author:
Macro: Consumer Sentiment — K-ShapedMacro: Auto Sales — It’s All About Inventory Replenishment
Macro: Inflation - High Frequencies And Crude Keep Powell Up At Night
Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the ...
more
Comments
No Thumbs up yet!
