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Right here.
Personal income drops during a RECESSION?????
Who'd a' thunk it?
DUH!!!
Shall we see what personal income did in the final quarter of the year?
Hmmm... looks like it went up all 3 months - and in January as well. Maybe things are turning around eh?
Admittedly Disposable Income took a dip in January because of non-withheld income taxes (from 2009 I'd assume) so we'll have to see how all that plays out when the February numbers are released.
How dare you refute bunk and post good news. You should be amazed at yourself.
what good news? DISPOSABLE personal income is falling:
Real disposable income decreased 0.6 percent in January, in contrast to an increase of 0.2 percent in December. Real PCE (expenses) increased 0.3 percent, compared with an increase of 0.1 percent
For all of 2009? LOL. Wasn't there a recession or something in 2009??? Boy, this health care thing really has you all rattled...
Sure - FOR ALL OF 2009. Who was president? Why by golly, it was Barry!
The point is- we are still in a recession, unemployment is 10%, a job killing healthcare bill was passed, and Barry has no answers. That is the problem- high unemployment and nowhere to go but higher unemployment with new regulations and taxes. When will the dems finally wake up and realize that high taxes and regulations KILL JOBS! No one cares about gay marriage when they are unemployed. No one really cares about healthcare when they are unemployed. Who said, "it is the economy, stupid"? I think it was the only fiscally responsible democrat. Perhaps Barry should just turn the reigns back to Clinton again.
Where are personal incomes headed in 2010-2012? It is a little old now to blame Bush. Barry is president and is responsible for this economy, unless of course, he wants to resign and allow someone else to assume responsibility.
Personal income is down because savings are up. QE QE QE (Quontitative Easing) Extra cash to the rescue. But it would've been far more effective if given to everyone. And it would've been faster as well.
Let's see some links to this statement because it's not what I've found.
I’m going to tell you something that you probably already know. Americans are horrible savers. In fact, this trait has provided the perfect breeding ground for credit products that provide the illusion of real wealth.
Sure - FOR ALL OF 2009. Who was president? Why by golly, it was Barry!
The point is- we are still in a recession, unemployment is 10%, a job killing healthcare bill was passed, and Barry has no answers. That is the problem- high unemployment and nowhere to go but higher unemployment with new regulations and taxes. When will the dems finally wake up and realize that high taxes and regulations KILL JOBS! No one cares about gay marriage when they are unemployed. No one really cares about healthcare when they are unemployed. Who said, "it is the economy, stupid"? I think it was the only fiscally responsible democrat. Perhaps Barry should just turn the reigns back to Clinton again.
Where are personal incomes headed in 2010-2012? It is a little old now to blame Bush. Barry is president and is responsible for this economy, unless of course, he wants to resign and allow someone else to assume responsibility.
Where are personal incomes headed in 2010-2012?
Well, if they continue the way they are headed NOW - that's UP. Personal income in 2009 was down because when the year started we were in a deepening recession. In fact, it was ALREADY declining by the end of 2008:
Personal income declined nationally and in 41 states in the fourth quarter of 2008. The 0.2 percent national decline was the first since 1994Q1 and contrasts with a 0.2 percent increase in the third quarter. Personal consumption prices fell 1.3 percent in the fourth quarter of 2008, the largest quarterly decline ever.
By the end of 2009 however the recession had bottomed out, GDP was growing and personal income was again RISING (it started rising in Sept of 2009 and has been "in the black" every month since then) - as it will likely CONTINUE to do so throughout 2010.
Ken
Last edited by LordBalfor; 03-28-2010 at 10:47 AM..
what good news? DISPOSABLE personal income is falling:
Real disposable income decreased 0.6 percent in January, in contrast to an increase of 0.2 percent in December. Real PCE (expenses) increased 0.3 percent, compared with an increase of 0.1 percent
Salaries have been declining for a decade, this is supposed to be news?
How can incomes rise when salaries are going down
Pretty soon, corporate America and big business will have the American workforce right where they want us, between a rock and a hard place. We'll be seeing repeal of the minimum wage standards, more union busting, and we'll be working for $0.25 an hour like people do in China. What will be for dinner instead of hot dogs & mac & cheese? a bowl of rice. That's something the right can be proud of, since they're pro-big business and have helped the middle class into the decline. Better hope republicans don't win in 2012, because we'll be turning back the clock to big business and elite tax breaks.
what good news? DISPOSABLE personal income is falling:
Real disposable income decreased 0.6 percent in January, in contrast to an increase of 0.2 percent in December. Real PCE (expenses) increased 0.3 percent, compared with an increase of 0.1 percent
that means LESS money in your pocket, not more.
As I ALREADY explained - what it means is that in January income tax from 2009 that was not withheld at the time but was was instead paid in January. As a result, chances are that's a one month break in the pattern and February will likely see positive disposable income again just as the previous months had.
"The decrease in DPI reflected an increase in federal nonwithheld income taxes."
In other words - it's the taxes from LAST YEAR that was owed but payment was put off until the new year.
Ken
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