Real Disposable Income Plummets Most In 40 Years

This once great country is faltering thanks to the leadership of the U.S. to a great extent.  The decline in disposable income has led to the erosion of the middle class and collapse in aggregate demand.  Policies do matter.  The leadership should have done more for the public good.  Will future generations ever learn from this epic debacle?

From Zero Hedge:

We may not know much about "Keynesian economics" (and neither does anyone else: they just plug and pray, literally), but we know one thing: when real disposable personal income drops by 0.2% from a month earlier, and plummets by 2.7% from a year ago,  the biggest collapse since the semi-depression in 1974, something is wrong with the US consumer.


And longer-term chart:


Source: BEA

http://www.zerohedge.com/news/2014-01-31/wtf-going-real-disposable-income-plummets-most-40-years