The Condition of the United States Working Class — Where Do We Go From Here?
Shadow Government Statistics Weekly Commentary September 16, 2023
August 2023 CPI Annual Inflation Notched Higher for a Second Straight Month, Despite a Weakening Economy August 2023 PPI Annual Inflation Also Notched Higher for a Second Straight Month Resurgent Gasoline Prices and Extreme Monetary Conditions Are at Fault, Not an Overheating Economy Early-September 2023 Consumer Sentiment Softened Anew, Shy By 33.0% (-33.0%) of Ever Recovering Its February 2020 Pre-Pandemic Peak Annual Poverty Survey: “Median Household Income After Taxes Fell 8.8% in 2022” August 2023 Industrial Production Annual Growth Held Flat In Recession Territory, August 2023 Real Retail Sales Continued on Track For a Fourth Consecutive Quarterly Year-to-Year Decline
Annual U.S. Poverty Survey – 2022 Perhaps Not So Coincidental With Still-Collapsed Consumer Sentiment, Inflation-Adjusted Real Household Income in 2022 Was Down by 5.5% (-5.5%) From Its Pre-Pandemic Annual Peak in 2019 Changed Inflation Measures in 2022 Reporting Muted Headline Real Household Income to Down by 4.7% (-4.7%) from an Otherwise Consistent Measurement of Down by 5.5% (-5.5%) Unlike the Headline Census Reporting, The Graph Here Is Shown on a Consistent Inflation Basis