Saturday, October 13, 2012

GDP vs. Disposable Personal Income (Musical Tribute)


Click to enlarge.



Source Data:
St. Louis Fed: GDP / DPI

2 comments:

Troy said...

disposable income is a tricky thing since it's gross less taxes.

And the 1% saw the great bulk of income gains since 2009.

http://emlab.berkeley.edu/~saez/saez-UStopincomes-2010.pdf

Table 1 shows the 1% had their real incomes grow by 58% 1993-2010, while the 99% saw . . . 6.4%.

In 2009-2010, top 1% recovered about 1/3 their income losses of 2007-2009, while the 99% won back 1/50th.

So gross is stacked towards the 1%.

And taxes, we've decided not to pay those anymore.

2% tax cut on wages 2011-now.

http://research.stlouisfed.org/fred2/graph/?g=bNJ

blue line is our trued-up disposable income if we were paying our way.

Actually thanks to the baby boom arriving we need to start paying down our $16T debt, say $300B/yr.

How come things that happen to stupid people keep happening to us???

Stagflationary Mark said...

Troy,

How come things that happen to stupid people keep happening to us???

stupid is as stupid does