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Personal Income Remains Weak Outlier In U.S. Expansion

Personal Income Remains Weak Outlier In U.S. Expansion

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The recovery in household income has been notably soft relative to recoveries over the past 50 years. If personal income’s rebound remains unusually weak, as it has so far, there will be a cost for the US economy, perhaps in the form of softer-than-expected gains in consumer spending in the months and years ahead.

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