Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

US Personal Spending Rebound Continues Despite Sinking Incomes

Courtesy of ZeroHedge View original post here.

US Personal spending and income habits are hard to decipher amid the massive government transfers and pent-up (and bought-forward) demand of various items – with spending plummeting and incomes soaring – and June pushed that even further with incomes falling 1.1% MoM, worse than the expected 0.6% drop; and spending rising 5.6% MoM (better than expected 5.2% and off a revised higher May).

Source: Bloomberg

On a year-over-year basis, incomes remain higher (government transfers) and spending lower…

Source: Bloomberg

Government workers saw income losses accelerate as private sector workers saw their income losses rebound somewhat – both still down hard YoY…

How long will this last as the $600 government handouts to stay home evaporate?

The brief 'forced' savings is starting to disappear…

Finally, The Fed's favorite inflation indicator – the Core PCE Deflator – rose by a smaller than expected 0.9% YoY, stuck at its weakest since 2010.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!