A Record 34% Of All Household Income In The US Now Comes From The Government – Banana Republic Level

Zero Hedge: Following today’s release of the latest Personal Income and Spending data, Wall Street was predictably focused on the changes in these two key series, which showed a modest jump in personal spending, which however was dwarfed by a record surge in personal income, to be expected in the month when Biden’s latest $1.9 trillion stimmy hit. But while the change in the headline data was notable, what was far more remarkable was data showing just how

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In
New User Registration
*Required field