Inflation To Cancel Out An Increase In Personal Income Through ’25
View Source | January 18, 2023 8:20 am
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- Personal income is on the rise and projected to be nearly 30% higher by 2025, but inflation will reduce actual growth to near nothing, according to projections by Gabriel Ehrlich and Daniil Manaenkov.
- The University of Michigan duo presented during their Research Seminar in Quantitative Economics that personal income will continue to rise through 2025, after a brief stagnant period in 2021 and 2022 that Ehrlich likened to “treading water.”
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