3.3% income growth required to keep up in US economy so far in 2017
Saturday December 9, 2017
Based upon the US government’s November 29th update of its Q3 GDP estimates, StayingEven.com held its estimate of the YTD Q3 Staying Even index at 3.3%, an acceleration from the YTD Q2 reading of 3.2% and a meaningful uptick from calendar year 2016 SEI growth of 2.2%.
The 3.3% increase in the Staying Even Index (SEI) is based upon reported YTD Q3 2017 nominal GDP growth of 4.0% from 2016, and annual population growth of 0.7%.
These projections suggest that individuals whose YTD 2017 total income from all sources grew by more than 3.3% from the same period in 2016 expanded their adjusted share of the U.S. economy, and those whose total income grew by less than this fell behind compared to the prior year.
StayingEven.com will publish updates to these figures as GDP and population estimates are revised. We are dedicated to helping individuals understand what income growth is required to keep up in the U.S. Economy.
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To find out whether you have gotten ahead, try our Staying Even Calculator, and to learn more about the Index, visit us at StayingEven.com. You can also follow us @stayingeven on Twitter.