7/29/2021
Report Released by the U.S. Department of Commerce, Beureau of Economic Analysis, on the Gross Domestic Product, Second Quarter 2021
A report by the Beureau of Economic Analysis, BEA, shows that the 2nd quarter of 2021 has been a bloodbath in terms of loss of income, savings, and increased expenses for the average American.
Personal Income: "Current-dollar personal income decreased $1.32 trillion in the second quarter, or 22.0 percent, in contrast to an increase of $2.33 trillion (revised), or 56.8 percent, in the first quarter of 2021."
Disposable personal income decreased $1.42 trillion, or 26.1 percent, in the second quarter, in contrast to an increase of $2.27 trillion, or 63.7 percent (revised), in the first quarter. - Again all fake gains thru the stimmy.
Real disposable personal income decreased 30.6 percent in Q2, in contrast to an increase of 57.6 percent in Q1. - Again Trump & Biden Bucks.
"Disposable" means that (money considered as non-essential) decreased by over $890 billion for Americans in Q2 of 2021 alone.
AT THE SAME TIME, Personal outlays (expenses) increased $680.8 billion in Q2, after already having increased $538.8 billion in Q1.
- This means that expenses have increased by $150+ Billion in average from Q1 2021 to Q2 2021 for Americans! Can you say hyper-inflation?
Personal savings was $1.97 trillion in the second quarter, compared with $4.07 trillion in the first quarter of 2021
The personal saving rate—personal saving as a percentage of disposable personal income—was DOWN 10.9 % in the second quarter, which was already DOWN 20.8 % in the first quarter.
This means Americans have lost $2+ TRILLION in savings, Q2 2021 ALONE.