In 2025, the nationwide per capita disposable income was 43,377 yuan, a nominal increase of 5.0% over the previous year, and a real increase of 5.0% after deducting price factors. In terms of urban ...

The Fed is in a holding pattern, awaiting more data, with December showing strong consumption but moderate inflation, suggesting disinflationary trends. December's personal income grew 0.4% MoM, while ...

August personal income rose 0.4% MoM, driven by service sector wages and transfer payments, but real income growth excluding transfers remains sluggish. Personal consumption expenditures outpaced ...

Do you live in a state that has a high sales tax? A state that imposes no sales tax at all? Consumption tax, the category that includes sales tax, is often a footnote at the end of a receipt, but it ...

Citations: Baker, Scott, Constantine Yannelis, Michaela Pagel, RA Farrokhnia, Steffen Meyer. 2023. Income, Liquidity, and the Consumption Response to the 2020 ...