Jake of Economopic writes:
While the media is celebrating the fact that:
Personal income increased $24.5 billion, or 0.2 percent, and disposable personal income (DPI) increased $25.7 billion, or 0.2 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $33.6 billion, or 0.3 percent.
Real per capita disposable income showed its largest decline since 1949, dropping 9.6% in the quarter (line 37).
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