May 31, 2019, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement reacting to the latest personal income numbers:
“Lost in the computer algorithm driven stock market volatility is a simple fact: Americans spending in April increased by $40.8 billion or 0.3 percent, and Americans disposable personal income increased by $69.3 billion or 0.4 percent. That’s the report from the federal government’s Bureau of Economic Analysis.
“For all the Wall Street hand wringing of late, Americans continue to have more disposable income than in the past, and they are even able to save part of it for the future. That is great economic news.
“When combined with the latest report on the nation’s Gross Domestic Product showing that our economy grew by 3.1 percent in the first quarter of this year, there are plenty of reasons for continued optimism about the economy moving ahead.”
Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 1 or at media@limitgov.org
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