Comment by legitster
1 hour ago
Fair, but the year over year growth of labor productivity has been really consistent, as has consumer prices:
https://fred.stlouisfed.org/graph/?g=tjto
So in terms of how much consumers are making in relation to their expenses, it's been remarkably steady this whole time.
yes, but wage growth has not tracked productivity: https://fred.stlouisfed.org/graph/?g=1X020
household expenses have been increasing without commensurate wage growth, resulting in lower savings: https://fred.stlouisfed.org/series/PSAVERT