Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months
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A deeper dive into personal income and outlays for March shows significant
signs of consumer stress to maintain standards of living.
2010-08-27
Not long now...
Read the full commentary behind this graph at Consumer Metrics Institute. The next GDP figure comes out before the election and it's looking to be terrible. Believe it or not, if you click through and read the report, 2008 was actually a V-shaped recovery for the consumer (you can see it in the chart above). This time, the deterioration has been growing worse over time. So much for the government and Fed interventions.
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