Nominal income has grows relentlessly, assisted by deficit spending, including government interest expense that increases with the rate hikes:
Adjusted for inflation and taxes, after a slight setback from those two it has been growing again:
Income growth has supported solid consumption growth:
The durable goods component, well above pre-COVID levels, continues to grow:
A small dip due to aircraft orders which are volatile, as orders remain high and the trend remains up:
