Every BLS report shows a loss of median individual and household income over the last 5 years.
The new wave of health insurance and state and federal tax increasing coming in January are very close to taking 100% of the median household’s expendable income.
Three scenarios here,
1. The Consumer Confidence Index is broken.
2. The BLS household and individual income reporting process is broken.
3. The majority of American consumers are completely ignorant of the new waves of taxes, fees, and purchasing power depreciation through the Treasury and Federal Reserve that started last Wednesday.
I believe the Consumer Confidence Index is broken. Not sure if the BLS is that far off, and I am sure that the vast majority of Americans have no idea about the wave of new taxes and inflation in basic necessities by the Fed and Treasury Dept.
“I believe the Consumer Confidence Index is broken.”
It isn’t broken, it has been manipulated by an enemy mainstream media. Remember how every little uptick in ANYTHING was applauded as “SIGNS OF RECOVERY!!!”, while reality was completely ignored?
Folks, THE REAL ENEMY HERE IS THE MAINSTREAM MEDIA, and the Orwellian propaganda we have been bombarded with for almost three decades now. Don’t you get it, yet?