Hi Lesley. Thanks for your question. Disposable income measures how much money comes in. Debt can increase if the household spending exceeds its income. Therefore, while disposable income has increased, households have increased their spending by more than the income they have. Why that is the case is something we need to investigate.
Hi- how much income comes in as reported on Taxes? Shouldn’t it be income - personal debt accumulated. An avg year over year would be interesting….the debt has gone up because costs have gone up more than wages have increased, and we are still frontloading certain things
How can there more disposable income if household debt skyrocketed? That means there was in fact *less* disposable income.
Hi Lesley. Thanks for your question. Disposable income measures how much money comes in. Debt can increase if the household spending exceeds its income. Therefore, while disposable income has increased, households have increased their spending by more than the income they have. Why that is the case is something we need to investigate.
Hi- how much income comes in as reported on Taxes? Shouldn’t it be income - personal debt accumulated. An avg year over year would be interesting….the debt has gone up because costs have gone up more than wages have increased, and we are still frontloading certain things