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Personal consumption and expenditures

Summary:
Pretty much back on the pre-Covid trend line: But income is on the decline: So consumers are spending more than their incomes, mainly through borrowing:

Topics:
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Pretty much back on the pre-Covid trend line:

Personal consumption and expenditures

But income is on the decline:

Personal consumption and expenditures

So consumers are spending more than their incomes, mainly through borrowing:

Personal consumption and expendituresPersonal consumption and expenditures

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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