Friday, February 27, 2009

Real Personal Income GREW at 3.4 percent/year

The BEA's revision also says that real personal income GREW 3.4%/year 2008 Q3-Q4. Thus, so far the loss of real GDP has not stopped households from having more real income. It's "just" that the businesses they own have (a lot) less retained earnings.

1 comment:

Adam Gurri said...

I'm sorry' I've attempted to locate that data in recent BEA releases and am having trouble. Could you point me to the section where that information is located?