Repubes cry as they lie.

[Wildcat Will]

3 hours ago, concha said:

 

"...real average weekly earnings continues to plunge, now down 16 straight months as inflation eats away at any wage gains..."

 

 

Personal Income and Outlays, June 2022

June 2022

+0.6%

May 2022

+0.6%

Personal income increased $133.5 billion, or 0.6 percent at a monthly rate, while consumer spending increased $181.1 billion, or 1.1 percent, in June. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.1 percent in June, compared with 5.5 percent in May.

[concha]

1 hour ago, Wildcat Will said:

Personal Income and Outlays, June 2022

June 2022

+0.6%

May 2022

+0.6%

Personal income increased $133.5 billion, or 0.6 percent at a monthly rate, while consumer spending increased $181.1 billion, or 1.1 percent, in June. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.1 percent in June, compared with 5.5 percent in May.

 

REAL income DOWN.

Household debt UP.

 

Americans Raiding Savings to Cover Household Bills

Politicians insist the U.S. isn’t in a recession. Americans forced to clean out their savings accounts to pay their bills beg to differ.

• BRIAN O'CONNELL
• AUG 9, 2022 9:39 AM EDT

 

 

Thanks for playing.

 

 

[concha]

'We have a very serious inflation problem': Former Clinton Treasury Secretary Larry Summers slaps down Biden for massaging the inflation figures and saying it was at ZERO for July when in fact it was 8.5%