Personal Income Jumps $71.7 Billion: Who Got Da Money?

I don’t really care who got it, just so it wasn’t the government.

MishTalk

The BEA Personal Incomes and Outlays Report shows disposable personal income rose by $71.7 billion in May.

That in an inflationary-looking jump of 0.4% percent. But inquiring minds are asking some important questions, like …

Who Got Da Money?

Personal Income Jumps $71.7 Billion: Who Got Da Money?
Category Monthly Increase in Billions of Dollars Percent of Total Increase
Wages and Salaries 6.6 9.21
Employer pension contributions 3.2 4.46
Proprieter’s Income 8.5 11.85
Rental Income 5.5 7.67
Personal Interest and Dividend Income 39.8 55.51
Social Security, Medicare, Medicaid, etc. 3.8 5.30
Alleged Tax Cuts 4.6 6.42
Other -0.3 -0.42
Total 71.7 100.00

When it comes to consumer spending, it’s not the jump in income that matters it’s how that income is distributed. For example, if Bill Gates got all of it, consumers would not spend additional dime without going further into debt.

The numbers are not nearly as bad as my…

View original post 83 more words

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s