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Goldman Sachs: US real income decline signals recession-like conditions

By PulseAugur Editorial · [1 sources] ·

Goldman Sachs economists report that real personal income per American worker has declined by 0.6% over the past year, a rate typically seen only during recessions. This erosion of purchasing power is attributed to rising tariffs and energy prices, which have outpaced wage growth. Despite this squeeze, consumer spending has remained resilient due to factors like tax refunds and a low savings rate, but Goldman predicts this support will fade, leading to slower economic growth. AI

RANK_REASON This is an economic analysis and forecast from a financial institution, not a direct release of new technology or a policy change.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Goldman Sachs: US real income decline signals recession-like conditions

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Nick Lichtenberg ·

    It’s not a recession. But Goldman says your paycheck is acting like it

    Real income growth has slowed to a pace "rarely seen outside of recession," Goldman Sachs warns — and Americans are only beginning to feel the squeeze.

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