“Boost to Household Income Primes U.S. Economy for Stronger Growth”

“U.S. household income jumped 10% in January as the government delivered stimulus payments to households and consumer spending rose briskly, priming the economy for a burst in growth this year.

The increase in income was the second largest on record, eclipsed only by last April’s gain when the federal government sent an initial round of pandemic-relief payments, the Commerce Department said Friday. Household income has risen 13% since February 2020, the month before the pandemic shut down large segments of the economy…”

https://www.wsj.com/articles/consumer-spending-personal-income-january-2021-11614293378