Real Disposable Personal Income Fell 1.7 Percent Last Quarter

Posted on

"Real Disposable Personal Income Fell 1.7 Percent Last Quarter"

While today’s announcement that GDP grew by 2.5 percent in the third quarter was a welcome improvement over the 1.3 percent of the second quarter, the Bureau of Economic Analysis also said that real disposable personal incomes (after-tax incomes adjusted for inflation) fell by 1.7 percent, after increasing 0.6 percent during the second quarter. The Washington Post’s Ezra Klein has called real disposable income “the number that could decide the election.”


« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.