Link:https://mishtalk.com/economics/real-personal-spending-rises-twice-as-much-as-income-in-june/
Graphic:
Excerpt:
Real (inflation-adjusted) consumer spending rose 0.4 percent in June. Real disposable income rose 0.2 percent.
….
Real PCE goods peaked in March of 2021. All of the growth in consumer spending for 27 months is due to an increase in demand for services.
Author(s): Mike Shedlock
Publication Date: 28 July 2023
Publication Site: Mish Talk