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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (50997)9/12/2006 12:00:29 PM
From: TimF  Respond to of 90947
 
Personal income has gone up in the last 5 years according to the BEA.

"Looking at the "Personal Income and Its Disposition" chart for 1999 to 1Q 2006 shows 1Q 1999 personal income at 7,658.4 billion and 2Q 2006 personal income at 10,900.8 billion. That is apparently not inflation adjusted, and its total not per capita. But I adjusted for inflation (using halfhill.com ) and the later figure represents 9,093.2 billion dollars in 1999 money. That's divided among a slightly greater number of people in 2006 than in 1999 so the per capita increase would be smaller but would still clearly be an increase. Households have decreased in size slowly but not by enough to make a major difference here, after all we are only considering a 6 year period."

Message 22787296

The Census Bureau is uses surveys rather than looking at actual records such as tax returns. It survey results are also rather questionable considering that its state by state results show some states with decently strong economies (like the Carolinas) as doing horribly.