Household income and spending are the beating heart of the U.S. economy. On the per capita comparisons used in this analysis, personal income is equivalent to about 85% of GDP, disposable income to 74%, and consumption to 68%. When purchasing power weakens, the consequences run through household budgets, company sales and market earnings expectations. September exposes a … [Read more...] about September Personal Income and Spending: Consumer Resilience Meets a Purchasing-Power Squeeze