Freakish Surge In Social Security Payments Screams Recession

Here’s a chart we just made based on Friday’s personal income & spending report.

What it shows is: The year-over-year change in Social Security Income as a share of total personal income.

Not surprisingly, during recessions (which are shaded in grey), Social Security payments as a share of total income spike. It’s very consistent.

We’re seeing another freak spike again. Uh-oh.


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