Personal income growth disappointed in December, rising a less-than-expected 0.3% MoM. Of course, that did not stop Americans from spending as personal consumption rose 0.5% MoM in December. This is the 9th month in a row of higher annual spending growth than income growth…
Sadly for all those hyping and hoping for wage growth – it is stagnant again…
This post was published at Zero Hedge on Jan 30, 2017.
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