In addition, this is the definition:
> "The US Disposable Personal Income per Capita indicates American household income net of taxes for each person."
This number doesn't reflect costs in any way at all. It isn't "disposable income" as most people would use it for day to day conversation i.e. the amount left after I've paid all my fixed costs (and possibly some non-fixed costs like food).
Americans on average have plenty of money to do so. You're just arguing with the BEA definition of disposable income... which I guess is a perspective, but IMHO not a useful one. We could look at real household median income, which is also up https://fred.stlouisfed.org/series/MEHOINUSA672N.
(emphasis mine)
If income increases, but fails to increase enough to match a parallel increase in expenses, the "extra money to travel and stay in AirBnBs" has gone down.
They seem to match this graph for personal savings rate which is down at 4.1% now from highs of 20-30% in the 2020-2021 era.
https://www.forbes.com/advisor/banking/savings/american-savi...
This is categorically false in the US at least. Average disposable income in the US is $58,947 in 2023 to date (the median number is not easily found unfortunately). This number is up slightly from 2022.
Disposable income was WAY up for about a year from mid 2020 to mid 2021 and people in white collar jobs had broad flexibility. I think it's broadly understood that this combined with low interest rates caused a boom in short term vacation rentals. With interest rates up and people returning to offices, it seems natural that short term rentals as a business would suffer.