Charts of the Week
Real Disposal Personal Income Growth Following Recessions
Chart of the Week for May 6, 2016 - May 12, 2016
As the U.S. economy continues to recover from the Great Recession of 2007-2009, some economists have been discussing the strength of the U.S. recovery. One area being monitored is real disposal personal income as consumer spending is a large component of the U.S. economy and growing real disposal personal income can be seen as a key economic driver. Real disposable personal income is defined as income after taking into consideration the effects of inflation and income taxes. For example, if you received a 2% increase in salary in a year when inflation increased 1% and taxes remained the same, your real disposable personal income increased by 1%.
The chart above compares the growth in real disposable personal income over the 81-month period following the end of the each of the last six recessions. The data confirms that the real disposable income gain has been the weakest after the Great Recession versus after the prior five recessions. Many factors may be influencing the recent lower real disposal personal income growth but this tepid growth does correspond to the tepid growth in the overall U.S. economy.
Posted by: sarah_oz@yahoo.com
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (1) |
Belum ada komentar untuk "[TSP_Strategy] Real Disposable Personal Income Growth After Recessions"
Post a Comment