The issue is of course whether this is sustainable. The rebound was due to the government stepping in. The question is will the private sector bounce back before the goverment's support wanes.
Source: BEA
Personal Income Rebound is Widespread
The chart below shows the year over year change in personal income across regions. In my opinion, the key is not to analyze which regions have done better (almost impossible with the below color scheme), but to see that ALL regions are rebounding (though still below old levels).
The issue is of course whether this is sustainable. The rebound was due to the government stepping in. The question is will the private sector bounce back before the goverment's support wanes.
Source: BEA
The issue is of course whether this is sustainable. The rebound was due to the government stepping in. The question is will the private sector bounce back before the goverment's support wanes.
Source: BEA
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