M. Hedayat and Associates, P.C. Hero Banner
Published on:

Consumer spending is up… but wait!

The Bureau of Economic Anaylsis reported today that consumer spending went up by 0.5% in January.

Hey, that’s good right? We know that a large part of GDP — gross domestic product, basically the worth of a country– is comprised of consumer expenditure.

But before we get all excited, the BEA also reports that personal income, on the other hand, went down by 0.1%.

Even worse? Disposable personal income — the income we have left for necessities — went down by 0.4 %.

Okay, so that’s even worse than I thought. Uh-oh. Uh-oh indeed.

Featured In