It’s Not a Recession, But It Sure Feels Like It – Stats

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…

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