econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

Median Income Finally Recovers To Pre-Great Recession Levels?

admin by admin
1월 2, 2016
in 미분류
0
0
SHARES
0
VIEWS

Written by Steven Hansen

Going into 2016, I was trying to anticipate positive headlines. One potential positive was in the headlines this past week – Median Household Income Back at Level When Great Recession Began in November 2015.

 

For a little background, inflation adjusted median household income peaked in 1999 at $57,843.  According to the St. Louis Fed it has been in a general, but irregular, down trend since.

[Note that the FRED graph above uses one data point per year whilst the Sentier Research graph below uses monthly data points. Also the FRED graph cuts off in 2014 whilst the Sentier graph contains data through November 2015. Finally, although the raw data sets analyzed are the same, the methodology is different.]

In a post last week, Gordon Green of Sentier Research stated:

Even though median annual household income did not increase significantly in November 2015, we continue to see an upward trend in income that has been evident since the low point in August 2011. We have now recaptured all of the income losses that have occurred since the beginning of the last recession in December 2007. The November 2015 median is now only 1.1 percent lower than the median of $57,388 in January 2000, the beginning of this statistical series.

Based on what I am seeing (anecdotal data) – I wonder if there is something wrong with the methodology which delivers the median income. I do believe household income is on an upward trend – but I believe (without supporting facts) that the rate of increase is exaggerated. Is there an element explaining the trends? According to US Census:

Income of Households – This includes the income of the householder and all other individuals 15 years old and over in the household, whether they are related to the householder or not.

Could it be all the families that are recombining? Like failure-to-launch kids living with parents. According to a Fannie Mae study:

The percent of young adults, aged 18 to 34, who are living with their parents has increased from an average of 27 percent between 1990 and 2006 to 31 percent in 2013 (a total of approximately 22 million).

Or maybe kids who have taken in their aging parents? Or the number of unrelated people living together?

It does not take much of a swing in trends of living arrangements to begin to skew median household income data. I do not get the feeling most people over 50 feel they are better off than they were in the 1990s. Like all data, you cannot grab one element and believe it is gospel.

Other Economic News this Week:

The Econintersect Economic Index for January 2016 declined – and is now at the lowest value since the end of the Great Recession. The tracked sectors of the economy which showed growth were mostly offset by the sectors in contraction.Our economic index remains in a long term decline since late 2014.

Current ECRI WLI Growth Index

The market (from Bloomberg) was expecting the weekly initial unemployment claims at 268 K to 300 K (consensus 270,000) vs the 287,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 272,500 (reported last week as 272,500) to 277,000. The rolling averages generally have been equal to or under 300,000 since August 2014.

Weekly Initial Unemployment Claims – 4 Week Average – Seasonally Adjusted – 2011 (red line), 2012 (green line), 2013 (blue line), 2014 (orange line), 2015 (violet line)

Bankruptcies this Week: Privately-held DF Investments, KaloBios Pharmaceuticals


Weekly Economic Release Scorecard:

Previous Post

Earnings And Economic Reports: Week Starting 04 January 2016

Next Post

Globalization Pauses: Will It Resume?

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Globalization Pauses: Will It Resume?

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect