'Fastest ever' leap in US household incomes


#1

From BBC News.

bbc.com/news/world-us-canada-37345443

Ed

Hogwash.


#2

I’m thinking about all those glowing jobs reports that a couple of months later are downgraded… and if this rise in income is true, wouldn’t the GDP be higher? (I actually don’t know…:o)


#3

I just read an article explaining that while incomes did go up in 2015, they have so far declined in 2016.


#4

CNN was reporting this story the other day. I figured they are trying to put a positive spin on employment and jobs ahead of the election to make it seem Obama’s policies were good and, therefore, we should all vote for Hillary - in spite of her health issues!


#5

Problem with these types of incomes rising studies is that they don’t eliminate the 5% . If they did that, they would have the real outlook. Almost no one is getting raises. It’s like it was before minimum wage was instituted.


#6

Isn’t this ‘leap’ following a six year streak of steady declines?
Perspective matters


#7

Yes, perspective matters.

usnews.com/news/articles/2016-07-08/millions-battle-unemployment-on-the-wrong-side-of-40

Ed


#8

What about the 93,000,000 people that are out of the work force? I wouldn’t call that progress.


#9

Why are they out of the workforce?


#10

It’s possible. After all, the Fed has printed so much money, maybe some of it found its way into actual households.


#11

But that’s not the rest of the story.

politifact.com/truth-o-meter/statements/2015/aug/31/donald-trump/donald-trump-says-us-has-93-milion-people-out-work/

Ed


#12

Actually, America’s incomes are stalling

finance.yahoo.com/news/those-big-income-gains-theyve-stalled-this-year-160228661.html

So far in 2016, however, incomes have declined, reversing the trend. Census data analyzed by Sentier Research, a private firm, shows that median household income, adjusted for inflation, fell from $57,702 in January of this year to $57,190 in July, the latest month for which numbers are available. That’s a drop of more than $500, or a little less than 1%. “Everybody’s talking about this biggest increase ever, but it’s tailing off,” says Gordon Green of Sentier


#13

If interest income is a component of America’s income, I could easily see the total family income as decreasing. Interest rates are close to zero.


closed #14

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