GDP and GDI are supposed to be identical: just different ways of measuring the same thing. But a gap opened up in late 2022 and has grown ever since. GDP is now about half a trillion dollars bigger than GDI.
wtf?
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Ummmm...what artifact is causing this?
USAToday has an understandable write up:
https://www.usatoday.com/story/money/2023/12/01/gross-domestic-income-gdi-possible-recession/71746276007/
Ok that was from a few months ago.
Doesn't that just mean spending is trending upward at a faster rate than income? Been there, done that, and it doesn't last forever.
this is no surprise. credit card debt has increased steadily because we won't/can't live within our means.
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