Re:US inflation means families are spending $709 more per mo...
by JumpCrisscross on Sunday August 13, 2023 @03:41PM
(#37113568)
> I really don't know how folks are getting by with the prices of everything
There is a lot of regional variation in production [1] and income [2][3]. On the whole, real disposable income and savings rates are up [4].
But someone in the midwest (income up, annualized, 7 to 11% Q4 '22 to Q1 '23) or Florida (7.9%) is seeing a very different economic landscape than someone in California (0.7%) or Indiana (-1%) [5].
There is a lot of regional variation in production [1] and income [2][3]. On the whole, real disposable income and savings rates are up [4].
But someone in the midwest (income up, annualized, 7 to 11% Q4 '22 to Q1 '23) or Florida (7.9%) is seeing a very different economic landscape than someone in California (0.7%) or Indiana (-1%) [5].
[1] https://www.bea.gov/news/2023/gross-domestic-product-state-a...
[2] https://www.bea.gov/system/files/rpp1222b_0.png
[3] https://www.bea.gov/data/income-saving/personal-income-count...
[4] https://www.bea.gov/news/2023/personal-income-and-outlays-ju...
[5] https://www.bea.gov/news/2023/gross-domestic-product-state-a...