Over 3% income growth required to keep up in US economy so far in 2017
Saturday September 30, 2017

Based upon last week’s “third” estimate of Q2 2017 GDP by the Bureau of Economic Analysis, StayingEven.com’s estimate of the Q2 2017 YTD Staying Even Index (SEI) remains at 3.2%, consistent with last month’s estimate and a meaningful uptick from calendar year 2016 SEI growth of 2.2%.

The 3.2% increase in the Staying Even Index (SEI) is based upon reported YTD Q2 2017 nominal GDP growth of 3.9% 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 3.2% 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.