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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (696273)1/31/2013 12:12:28 PM
From: combjelly  Read Replies (1) of 1573433
 
It is closer to flat than it is being a healthy level of growth.


Flat? Hardly.

Personal income has been increasing at a steady rate since at least 2011. An increase of over a trillion dollars since Jan. of 2011, or about 8.7%. It grew by 5.9% in 2012 alone.

bea.gov

UI payments have dropped by more than 40% over the same span of time.

Given that 70% of the economy is driven by consumer spending, the increase in personal spending grew 7.2% over the past two years and 3% in 2012. Given that consumer spending is 70% of the economy, this isn't too bad. It also signals that people are saving more. While that is a drag on economic activity, it is a good long term sign.
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