August 13, 2022

Continuing its recent pattern of elevated readings which have been driven primarily by high levels of inflation, our advance estimate of the Q2 2022 YTD Staying Even Index is 9.7%, a deceleration from Q1’s 10.4%.

The 9.7% change in the YTD Q2 2022 Staying Even Index (SEI) is based upon reported YTD year-on-year nominal GDP growth of 10.0% and estimated annual population growth of 0.3% during the period.

These projections suggest that individuals whose year-to-date 2022 total income from all sources (after tax wages and other income) grew by more than 9.7% from the same period in 2021 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. YTD Q2 year-on-year inflation was 8.3%, showing yet again that raises that just keep up with inflation are not sufficient to stay even in the growing US economy.

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.