The Mighty U.S. Consumer Is Struggling

Some of it comes down to the state of U.S. workers’ paychecks. Adjusted for inflation, personal income excluding government transfers peaked in December and has declined at a 3 percent annual rate over the past three months. That helps explain consumption’s punk 0.8 percent contribution to first-quarter GDP, the lowest in a year.

 

 

 

 

 

 

 

https://www.bloomberg.com/opinion/articles/2019-05-08/the-mighty-u-s-consumer-is-struggling

 

 

 

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