Our new favorite website ZeroHedge.com has an interesting chart up this week showing the status of disposable income in the United States – a.k.a. the amount of money people can invest in the economy after paying taxes.
Disposable income, of course, is not to be confused with discretionary income – which is the money people have left over to spend after paying taxes and bills.
Anyway … now that we’ve concluded our home economics lesson for the day, is everybody ready for the chart?
Here you go …
(Click to enlarge)
Chart: Zerohedge
For those of you keeping score at home, in December 2006 real disposable income in the United States stood at $32,729 per person. Last month? It was $32,663.
“For those claiming there is something called a ‘recovery’ underway, perhaps they can point out just where on this chart of Real Disposable Income per capita one can find said recovery,” Tyler Durden wrote for Zero Hedge.
Yes … that Tyler Durden.
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8 comments
Fits, if you know anything about Zerohedge, they are an ultra negative website on the market. They have been calling for the world to end since 2008 when they started. Just so you know your source.
Fits, if you know anything about Zerohedge, they are an ultra negative website on the market. They have been calling for the world to end since 2008 when they started. Just so you know your source.
Gosh. If only there was, I don’t know, some one percent of the country who owned forty percent of the wealth who could someone, gosh – this might sound harsh – be forced to give up some of that wealth….
I mean, the DOW is at near record highs and nothing’s trickling down? I guess Saint Ronnie was wrong about that?
What is this world coming to?
Yea, we must give our money away to union bosses so they can be lazy and tell us how to live. Not gonna happen. Get a job and earn the money yourself instead of playing on the internet all day and night.
Gosh. If only there was, I don’t know, some one percent of the country who owned forty percent of the wealth who could someone, gosh – this might sound harsh – be forced to give up some of that wealth….
I mean, the DOW is at near record highs and nothing’s trickling down? I guess Saint Ronnie was wrong about that?
What is this world coming to?
Yea, we must give our money away to union bosses so they can be lazy and tell us how to live. Not gonna happen. Get a job and earn the money yourself instead of playing on the internet all day and night.
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