yes, but wage growth has not tracked productivity: https://fred.stlouisfed.org/graph/?g=1X020
replyhousehold expenses have been increasing without commensurate wage growth, resulting in lower savings: https://fred.stlouisfed.org/series/PSAVERT
household expenses have been increasing without commensurate wage growth, resulting in lower savings: https://fred.stlouisfed.org/series/PSAVERT