It's The Economy Stupid: Income and Spending

Personal Income was up +0.3%, which is down from the prior period’s +0.4%.

 

Personal Spending was a no-go.  No growth.  +0.0%, which is down from the prior period’s +0.4%.

 

So Personal Income is not growing much, and as a result Personal Spending is not growing.  Sounds like individuals are acting in a practical manner given their lack of increases in income. 

 

Now, if only the government would do the same…

 

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury