Economic Facts To Prepare For The Elections
Published Friday, August 31, 2018 at: 7:00 AM EDT
With the mid-term elections approaching and political stakes higher, the level of misinformation is likely to rise. To inoculate yourself against the viral assault of lies repeated on TV news constantly, here are the economic facts to prepare for the mid-terms. Newly released personal income and spending data indicate the economic outlook remains bright. Wages and benefits of employees grew 4.4% nominally, which is the most important number because it funds consumer spending. Notably, too, the interest and dividends component of consumer income shot higher by 6.4% in the 12 months ended July 2018 — good news to retirees. Disposable personal income, before...
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