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Real Per Capita Disposable Income Biggest Drop Since 1949

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By Guest Author - October 31st, 2008, 10:56AM

Jake of Economopic writes:

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While the media is celebrating the fact that:

Personal income increased $24.5 billion, or 0.2 percent, and disposable personal income (DPI) increased $25.7 billion, or 0.2 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $33.6 billion, or 0.3 percent.

Real per capita disposable income showed its largest decline since 1949, dropping 9.6% in the quarter (line 37).
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3 Responses to “Real Per Capita Disposable Income Biggest Drop Since 1949”

  1. Barry Ritholtz Says:
    October 31st, 2008 at 10:58 am

    awesome, Jake

  2. Pat G. Says:
    October 31st, 2008 at 2:19 pm

    The best way to increase real per capita personal income without taking on another job is to cut back on unnecessary expenditures and get rid of your debts. Meanwhile, our government is setting the table so that we borrow more (just the opposite).

  3. FT Woods Says:
    November 1st, 2008 at 6:45 am

    Question: where is this posted? I don’t see it listed on the front page. Am I in a different section of the blog?