Saturday May 9, 2020 

Despite the significant slowdown in the US economy in Q1, StayingEven.com reports that the YTD Q1 2020 Staying Even Index (SEI) remained in positive territory, coming in at 1.6% growth from Q1 2019. This reading will likely decelerate significantly in Q2 as the economic impacts from government mandated shutdowns will materially impact US GDP.

For Q1, this reading is below the average 2.2% year on year increase in the average consumer price index (CPI) for the period, as real GDP growth trailed population growth during the quarter.

The 1.6% increase in the YTD 2019 Staying Even Index (SEI) is based upon reported year on year nominal GDP growth of 2.1% and estimated annual population growth of 0.5%.

These projections suggest that individuals whose year to date 2020 total income from all sources (after tax wages and other income) grew by more than 1.6% from 2019 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. SEI growth for calendar year 2019 was 3.6%.

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.