Listen To The Man! Record 34% Of All Household Income In The US Now Comes From The Government

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by confoundedinterest17

Listen to the Man!

Under Scranton Joe’s leadership, more and more Americans are dependent on government cheese.

Personal income transfer payments to person hit an all-time high as The Federal Reserve keeps pumping money into the system.

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Government transfeer payments as a percentge of total income is now a whopping 34%.

US Personal Savings Rate is now 27.6%. Which means that the Biden Bonanza of transfer payments are ending up in savings, not being spent.

Biden’s government cheese helped increase personal income by 21.1% MoM, although personal spending increased by only 4.2%.

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Will this end and see a return to the free market? Or is this the new normal of Uncle Cheese?

Uncle Cheese

 

 

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