GDP Vs Income…FIGHT
Fact: the US GDP is made up of 70% consumer spending.
Fact: GDP has doubled nearly every 12 or so years since ‘81, accounting for around 400% change.
Fact: Income in the US has been increasing at a slower rate than GDP increasing roughly 290% since ‘81.
This leaves us a pretty huge gap that’s been paid for by Credit Cards and Heloc’s.
Bring this up when someone tells you there were just a few bad eggs that messed this whole thing up.
income table: http://www.census.gov/hhes/www/income/histinc/p01ar.html
gdp chart: http://www.bea.gov/briefrm/gdp.htm
(via preel)
