Sunday, December 9, 2012
3 questions for Mish
- by New Deal democrat
Today Mish cites to Gallup's report that spending by upper income households declined sharply in November although overall November consumer spending was higher than 2011, which in turn as higher than 2010 and 2009.
While the 14 day overage for all consumers in November 2011 spending was faily stable, at $71 for the first part and $73 per Gallup, this year was much more erratic, at $65 in the first part and $81 by the end.
So, here are three questions for Mish:
- 1. What is the average income in the New York City area compared with the national average?
- 2. What is the average income in New Jersey compared with the national average?
- 3. Can you think of anything that might have happened to impact consumer spending in the NYC and NJ areas in November of this year, especially during the first part?