• 3 days Earnings Season Might Bring Relief to Battered Tech Sector
  • 5 days Banking Stocks Could Be Set For Another Bumper Year
  • 6 days Crypto Mining Migration Continues As Bans Line Up
  • 7 days The Meme Stock Craze Could Lose Out to Crypto
  • 10 days Banking Sector Booming As Stock Market Lags
  • 11 days Has Bitcoin Stopped Bleeding? Some Analysts Seem To Think So
  • 11 days Amazon ‘Competitor’ Charged With Crypto Fraud Scheme
  • 12 days As Competition Heats Up, Cable TV Mega-Merger Revived
  • 13 days China’s Road To Tech Independence
  • 18 days 3 Major Bearish Catalysts For The U.S. Economy In 2022
  • 20 days VR Industry Boomed During Holiday Season
  • 20 days 3 Global eCommerce Brands Have Overtaken Amazon
  • 21 days Another Banner Year for Billionaires
  • 25 days Top 3 Predictions For Bitcoin In The New Year
  • 27 days China Moves To Tighten Rules For Companies Looking To List Abroad
  • 28 days Fake Reviews Go All The Way To The Top
  • 34 days Airlines Want The Government To Ditch Emergency Testing For Covid-19
  • 35 days The Service Robot Industry Is Booming
  • 39 days The 3 Biggest Market Risks In 2022
  • 49 days DIDI Delisting Is A Worrying Sign For Investors Holding Chinese Stocks
  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