Spending, Transfer Payments, and Taxes

As the chart below shows, personal outlays (i.e. spending) has grown significantly faster than wages over the past decade. Even before the c...

How is Spending Still Strong?

Since Lehman collapsed in September 2008, consumption has remained surprisingly strong in the face of high unemployment (thus lower wages), ...

Staycation... Slow Retreat

EconomPic first highlighted the " staycation " phenomenon last year (i.e. choosing to vacation at home). Since that time, touri...

Spending: The Will vs. The Wallet

Spending has resumed. So who are those that have done the resumption? Gallup (hat tip The Big Picture ) details: Upper-income Americans...