That Drop in Consumer Income in May Was a False Recession Alarm

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That Drop in Consumer Income in May Was a False Recession Alarm

wolfstreet.com/2025/06/27/that-drop-in-consumer-income-in-may-was-a-false-recession-alarm

Wages & salaries rose at a solid pace, but Social Security payments returned to trend after a spike in April due to policy changes.
By Wolf Richter for WOLF STREET.
The recession talk started heating up again on Friday when the personal income data for May hit the news. Total personal…

This story appeared on wolfstreet.com, 2025-06-28 02:35:59.