Some context: Personal income actually rose a staggering 7.3% in Q2, even as GDP fell -10%.

The difference? An extraordinary level of government support through economic impact payments, unemployment assistance, and PPP for businesses.
(Source: https://t.co/yySlEONgoU) pic.twitter.com/TJZ5r73LvW

— Justin Wolfers (@JustinWolfers) July 30, 2020