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:

Unknown 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?