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Axios
Axios
Business

The economic trend that could hurt Democrats most in the midterms

Inflation Mark Mellman Goldman Sachs
Data: FactSet, Bureau of Economic Analysis; Chart: Jacque Schrag/Axios

A key indicator of the financial health of Americans has declined steadily for the last 14 months, in yet another ominous sign from the economy that Democrats will face tough midterm elections.

Driving the news: Real per capita disposable income — the money consumers can spend after accounting for taxes and inflation — is dropping sharply, according to government data released Thursday.

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