Money Matters: A Look at May 2025's Income and Spending
In May 2025, people's income took a hit. It dropped by $109. 6 billion, which is 0. 4 percent less than the previous month. This isn't great news, but it's not a total disaster either. The money people had left after taxes, called disposable income, also went down. It fell by $125. 0 billion, or 0. 6 percent. People also spent less. They cut back on buying stuff, spe...