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> Adjusted for inflation, personal income excluding government transfers peaked in December and has declined at a 3 percent annual rate over the past three mont
by nostromo 8y ago
> Adjusted for inflation, personal income excluding government transfers peaked in December and has declined at a 3 percent annual rate over the past three months.
So, it declined 0.25% between December and March? Or like, $40 a month for the median US worker?
Oh wait, they adjusted this figure for three months of inflation, so it's more like... no change at all.
- SketchySeaBeast 8y agoGenerally, and especially given the tax cuts, one would expect a strong economy to have an increased personal income, wouldn't they? Especially when the GDP is supposed to be INCREASING at a 3% annual rate? Also, the inflation rate so far for 2019 has been 1.9%, so that's not no change at all.
- nostromo 8y agoThe tax change has been in effect for a year now. And, yes, that's my point regarding inflation. A 3% annualized change, adjusting for 2% inflation, is a 1% annualized change. While that may be interesting if sustained, over a few months it's not evidence of much of anything at all.