Household Income

Lafayette · Aug 30, 2018

From the Economist: Household Income

Excerpt:

Growth in GDP is the most common measure of economic performance. But household income can provide a better picture of people’s material well-being. That is because some of the income that counts towards GDP goes to non-residents, firms and governments. Over the past eight years GDP growth has outpaced that of household income in the OECD, a mostly rich-country club.

The gap is big in Britain, where household incomes fell in real terms at the start of the decade, even as GDP expanded. In America growth in household income per person has outpaced GDP per person by 3.4 percentage points since the first quarter of 2010, in part because of low household taxes.

Lemme see, the first quarter of 2010 Obama was still in place.

And here I thought US GDP-expansion began with Donald Dork's installation in the White House. Oh darn ...!

PS: Just when the hell is the EU going to pull-the-plug-out and start growing again? (Tomorrow?)

James972 · Sep 28, 2018

Lafayette said:
And here I thought US GDP-expansion began with Donald Dork's installation in the White House. Oh darn ...!

GDP under Trump is crushing Obama's worst recovery since FDR's world record which is not surprising since Obama was libcommie anti business and Trump is opposite!!

Household Income

Lafayette

James972