Is the economy really getting better?
Oh the summer holidays. Frankly, some things in the news get missed. So I'm glad the folks at Sociological Images were paying attention to recent economic data bout consumer spending and economic recovery the Wall Street Journal originally broke down.
According to their analysis the talk of true economic growth might be premature. As a nation, we might be spending more now, but we're not really making any more money than we were before. That doesn't seem like a recipe for sustained recovery.
Read the full analysis, with a few more charts.