• 5 days 3 Restaurant Stocks In Full Recovery Mode
  • 5 days Bitcoin Is Driven By Testosterone
  • 10 days Quantum Computing Is The Newest Megatrend In Silicon Valley
  • 11 days How To Invest In The Cybersecurity Boom
  • 13 days Investors Are Patient With Unprofitable Giants
  • 15 days Wells Fargo Back In The Scandal Spotlight Once Again
  • 17 days 5 Stocks To Keep A Close Eye On This Year
  • 18 days As Auto Giants Flail, Look To Chip Stocks For Gains
  • 19 days Central America Is Ready For The Bitcoin Hustle
  • 21 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
  • 22 days Top Performing Stocks As Inflation Fears Grow
  • 23 days US Airline Stocks Take A Beating On New EU Restrictions
  • 24 days This IPO Could Open Sustainable Fashion Floodgates
  • 25 days Crypto Crime Nets Another $2B Fraudster
  • 27 days This Week’s Hottest Meme Stocks
  • 28 days Why World Markets Should Be Watching Germany Closely
  • 30 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
  • 32 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
  • 34 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
  • 35 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Spending Up Far More than Real Income: Per Capita Income Stagnates

Real (inflation-adjusted) income rose 0.1% in November. Expenditures rose 0.4%. Per capita, income is stagnant.

The BEA's Personal Income and Outlays report shows personal income increased $54.0 billion (0.3%) in November.

Income and Expenditures Details

 

 
  • Personal income increased $54.0 billion (0.3%)
  • Disposable personal income (DPI) increased $50.9 billion (0.4%)
  • Personal consumption expenditures (PCE) increased $87.1 billion (0.6%)

Real Income and Expenditures Details

  • Real DPI increased 0.1%
  • Real PCE increased 0.4%
  • The PCE price index increased 0.2%
  • Excluding food and energy, the PCE price index increased 0.1%

Income vs Expenditures

For November, real expenditures rose 4 times faster than real income. Economists are happy about the spending, no matter how unsustainable the trend. A wealth effect is in play.

Per Capita Income

https://s3-us-west-2.amazonaws.com/maven-user-photos/mishtalk/economics/zmfATcSa4EegwR7v_znq6Q/QLwDRCmjHEqesUo3tfQUxg

On a per capita basis, income has stagnated.

By Mike Shedlock

Back to homepage

Leave a comment

Leave a comment