Income increase minus inflation means the real income has gone down.
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Now, if Govt could cut spending, which needlessly inflates prices faster than wages so goods & services become unaffordable by ever more ppl making them poorer, then the Free Mkt & Individual Liberty economy won't sputter out
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It also indicates that people don't save their money...
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Or pay down loans,mortgages & credit card balances
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Also important to point out WHICH US households? This lumps all Americans into a pot by which they can be calculated as a whole when the actual granular data says that’s a complete & utter fallacy.
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Let's put this in perspective, if you are a working single mother making 30 grand a year, this article claims you made an extra hundred bucks a month. And instead of saving that chicken scratch, they want you to spend it. Great advice. A hundred bucks is absolute diddly-squat.
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