THE SPENDING INCREASE
Can the economists please go back to their "theoretical" sleeps. The personal income of course includes the food stamps and the unemployment payments and rent subsidies and the tax refunds. People in these situations don't save, they spend, have to, all they get. Also if you are living in the real world you would have known that the low income people were already filing with tax preparers (who have also now turned into loan sharks) at the end of December already, this is where the increase in spending and lack of savings come from, the meager wage increases did not go to the low income people, it was the bankers bonuses, get real!
LIFE IS A GAME OF CONNECT THE DOTS, IF YOU DON'T CONNECT ALL THE DOTS OR DON'T CONNECT THEM IN THE RIGHT ORDER YOU NEVER GET THE PICTURE