Sma' Talk Wi' T

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What Recession?

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Last year, the United States Department of Commerce’s Bureau of Economic Analysis reports show that disposable income has gone UP!

Disposable income is defined as: the after tax income, calculated quarterly, that consumers have available for spending or saving. Economists view changes in disposable income as an important indicator of the present and future health of the economythe amount of personal income an individual has after taxes and government fees, which can be spent on necessities, or non-essentials, or be saved.

Personal income increased $20.1 billion, or 0.2 percent, and disposable personal income (DPI)increased $23.4 billion, or 0.2 percent, in April, according to the Bureau of Economic Analysis.

Personal consumption expenditures (PCE) increased $21.4 billion, or 0.2 percent. In March, personal income increased $44.7 billion, or 0.4 percent, DPI increased $35.4 billion, or 0.3 percent, and PCE increased $41.7 billion, or 0.4 percent, based on revised estimates.

You won’t hear Obama’s campaign announcements reporting this HUGE news!


Written by smalltalkwitht

June 9, 2008 at 11:19 pm

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