For our QSF US Domestic Outlook, we Dive deeper into the predicating factors and we compared those broad measures with evidence about household bills and financial reserves. The question is whether families have enough left after necessities to handle a setback, even while the economy grows.

There is nothing inherently problematic about a company becoming more efficient or profitable. But when corporate earnings and margins are expanding substantially while households continue confronting elevated prices for necessities, we should be careful about using aggregate economic growth as shorthand for widespread prosperity