Today’s Chart of the Day from Invesco’s mid-year outlook shows that high inflation is reducing household disposable income. A closer look shows another interesting note: $100 worth of income in the United States in 1999 is now $170 in 2022, an impressive 70% increase. This is not the case for the UK or Japan, which are only $115 and $110 respectively. The general consensus is that they are falling behind due to low productivity, versus the US which has the sixth highest productivity per hour in the world.