Adjusted Spending News Today

Written by Steven HansenEconintersects Economic Index forecast sees a bump in the economic rate of growth at the Main Street level partially driven by comparisons to the recession one year ago. However, economic potential is better than the pre-COVID conditions as the economy was weakening well before the pandemic hit.

The data continues to be affected by the pandemic, comparisons to the recession one year ago, and now inflation. Inflation is now seriously impacting growth, Analyst Opinion of Personal Income and Expenditures The note from the BEA says it all: The estimate for April personal income and outlays was impacted by the continued government response to COVID-19. Economic impact payments associated with the American Rescue Plan Act of 2021 (which was enacted on March 11, 2021) continued but were at a ...

Econintersects Economic Index forecast sees a bump in the economic rate of growth at the Main Street level driven by government spending - and employment continues to accelerate. Please share this article - Go to the very top of the page, right-hand side for social media icons. Analyst Summary of this Economic Forecast Economic year-over-year growth is about to skyrocket as the data is being compared to the countrys lockdown and recession last year - but do not confuse yourself as the underlyin...

March 2021 Real Income And Expenditures Significantly Improve The data continues to be affected by the pandemic and the stimulus payments. Expenditures improved month-over-month (and is in expansion year-over-year) whilst income also improved month-over-month and is in expansion year-over-year. Analyst Opinion of Personal Income and Expenditures The note from the BEA says it all: The estimate for March personal income and outlays was impacted by the continued government response to COVID-19. Ec...

Econintersects Economic Index forecast sees a modest slowing of the economic rate of growth as consumers do not yet seem to be prepared to spend. The media/government message machine is spinning the variants as a potential bomb reinforcing the message to consumers to save for the oncoming rainy day - even though the current rapidly expanding COVID vaccination program should be cause for a rosier message. Please share this article - Go to the very top of the page, right-hand side for social medi...

January 2021 Real Income Grew Due To Stimulus The data continues to be affected by the pandemic. Expenditures improved month-over-month (but is in contraction year-over-year) whilst income improved month-over-month mostly due to the stimulus payments. Analyst Opinion of Personal Income and Expenditures The note from the BEA says it all: The increase in personal income in January was more than accounted for by an increase in government social benefits to persons as payments were made to individu...

Econintersects Economic Index forecast continues to see a recovery underway from the pandemic induced recession - although the recovery continues to be modest and the economy remains weak. We see a marginally stronger economy in February. The coronavirus daily totals are declining - but the leaders at the CDC are worried that the South African / Brazilian variant may explode in February which would heavily impact the economy. Please share this article - Go to the very top of the page, right-han...

December 2020 Real Income Grew and Real Expenditures Declined The data continues to be affected by the pandemic. Expenditures declined month-over-month (and is in contraction year-over-year) whilst income improved month-over-month (and is in expansion year-over-year). Analyst Opinion of Personal Income and Expenditures The note from the BEA says it all: The December estimate for personal income and outlays was impacted by the response to the spread of COVID-19. Many provisions of the Coronaviru...

Written by Steven HansenEconintersects Economic Index forecast continues to see a recovery underway from the pandemic induced recession - although the recovery continues to be modest and the economy remains weak. We see a stronger economy in January. The coronavirus daily totals continue at, or nearly at, record territory - and any attempt to lockdown with a weak economy will trigger a double dip recession.

November 2020 Real Income and Expenditures Declined The data continues to be affected by the pandemic. Expenditures declined month-over-month (and is in contraction year-over-year) whilst income also declined month-over-month (but is in expansion year-over-year). Analyst Opinion of Personal Income and Expenditures The note from the BEA says it all: The November estimate for personal income and outlays was impacted by the response to the spread of COVID-19. Federal economic recovery payments slo...