There has still been no meaningful recovery in real personal income. The nascent recovery in consumer spending has come out of savings and from government transfer payments. Neither source of income is sustainable.
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Jeremy Jones, CFA
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
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