Here are some numbers provided by CNNMoney.com in an article called Income, spending gains slow that support my post from yesterday: It’s Not a Recession, But It Sure Feels Like One
Income earned by individuals rose 0.2% in October (pay
increase)
Spending by consumers also gained 0.2% in October (spending)
Prices paid by consumers rose 0.3% (inflation)
Minus volatile food and energy prices there was a 0.2% rise
(inflation again)
That left prices outside of food and energy up 1.9% over the
last year (inflation again again)
Again, no buying power increase…
Working Thoughts 