Peter Berezin: Real U.S. disposable income flat excluding government transfers since Liberation Day

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09.04.2026

Peter Berezin: Real U.S. disposable income flat excluding government transfers since Liberation Day — U.S. disposable income unchanged

Peter Berezin highlights that, excluding government transfers, real disposable income in the U.S. has not increased since Liberation Day.

He notes that the data reflects conditions as of February and does not account for the subsequent oil shock, which is expected to further pressure real income levels.

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Berezin recently explained that a Bureau of Labor Statistics model update increased monthly swings in U.S. job data while improving long-term accuracy. In the energy sector, he observed that Brent Dec-2026 futures have approached pre-ceasefire levels and commented on the relative value of oil stocks. These developments come as markets digest the effects of both labor and commodity data.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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