If Your Annual Income Did Not Grow by At Least 3.1% from 2013, You Likely Fell Behind
Monday, February 2, 2015

StayingEven.com estimates that, for the year 2014 in the United States, 3.1% income growth was required for individuals to keep up given economic trends during the time period.  This is significantly higher than the average 1.6% increase in the Consumer Price Index (CPI-U) during the period and is based upon U.S. Government figures released Friday which estimate U.S. 2014 nominal GDP growth of 3.9% and population growth of 0.7%.

Individuals whose 2014 total income from all sources grew more than 3.1% from 2013 expanded their adjusted share of the U.S. Economy, and those whose total income grew by less than this likely fell behind during the year. 

Five-year estimated Staying Even income growth through 2014 came in at 16.4% and ten-year growth came in at 30.5%.  Individuals whose income has not grown at least this much through the five and ten year periods have seen their adjusted share of the U.S. Economy shrink; those whose income has grown faster have gotten ahead.

StayingEven.com will publish updates to these estimates as GDP and population estimates are revised over the coming months. 

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StayingEven - Are You Keeping Up?