Real Disposable Income Plummets Most In 40 Years

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

We may not know much about "Keynesian economics" (and neither does anyone else: they just plug and pray, literally), but we know one thing: when real disposable personal income drops by 0.2% from a month earlier, and plummets by 2.7% from a year ago,  the biggest collapse since the semi-depression in 1974, something is wrong with the US consumer.

 

And longer-term chart:

Source: BEA

 

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