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.

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%.

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

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