Real disposable personal income per capita is the most important income metric. From 2009-2020, real DPI/cap increased at a 1.8% annualized pace. Today's income report shows that we no longer have excess real income relative to the pre-COVID trend.

1:17 PM · Aug 27, 2021

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This clearly includes transfer payments, of which tax credits are coming in.
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Total social benefits account for 20% of total personal income.
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Replying to @EPBResearch
And to state the obvious: Income turns into spending, investing & savings.
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Replying to @EPBResearch
My reaction: the benefits of stimulus checks are clearly transitory. In long run, they are probably harmful to recipients due to inflation offsets. Fed's reaction: The stimulus checks weren't frequent and large enough! Result: There'll be more stimi checks and spikes on chart
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So IF this is all SOOO good and positive and the stock market is best ever - why don’t we do this every year ?
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