Amid Historic Job Losses, Incomes Are…Rising?
It may sound counterintuitive, but it’s true. US Disposable Personal Income in April was 13.8 % higher than the year-ago level.
The coming weeks and months will bring new data regarding the magnitude of ongoing economic decline, and the majority of it will likely be quite negative.
It may sound counterintuitive, but it’s true. US Disposable Personal Income in April was 13.8 % higher than the year-ago level.
The level of US federal debt will roughly equal the size of the entire US economy in FY2020, according to the nonpartisan Congressional Budget Office.
Set to overtake spending by the Department of Defense, the net interest on the national debt is currently the US government's fastest-growing major...