consumption doesn't drop off a cliff when income drops off a cliff. correct?
You are going to see a downward slope in consumption that lags behind the drop in income. Part of the consumption is buffered by savings and debt. As savings disappear, debt increases and income remains fixed, of course it would be expected for consumption to continue to fall. Esp. as Snowcat suggests, the person may be anticipating income of zero, when the benefits run out.
You say that decrease in consumption proves that unemployment benefits are not a disincentive to find new work. I say bullshit. You are making leaps by which you have no grounds to do so.
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