3.4% Income Growth from 2016 Required for Individuals to Keep Up in U.S. Economy
Saturday, May 27, 2017
Based upon last week’s second estimate of Q1 2017 GDP by the Bureau of Economic Analysis, StayingEven.com’s estimate of the Q1 2017 Staying Even Index (SEI) is 3.4%.
The 3.4% increase in the Staying Even Index (SEI) is based upon reported Q1 2017 nominal GDP growth of 4.1% and population growth of 0.7%.
These projections suggest that individuals whose YTD Q1 2017 total income from all sources grew by more than 3.4% 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. As previously released, SEI growth for calendar year 2016 was 2.2%.
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.