…or not. Mostly—nearly entirely—not.
real per capita disposable income in [Wuhan Virus situation-ridden] 2020 grew 5.5%
The Wall Street Journal noted that this is all before the December-passed $900 billion stimulus “took effect.” It’s also after that stimulus—which still hasn’t had much effect since much of that money hasn’t even been sent into the economy by Government.
What happened to the $2.6 trillion Government had already lobbed into the economy?
Preliminary data for 2020 show total savings for 2020 was $1.6 trillion higher than in 2019. And that was before the $900 billion stimulus.