Tuesday, October 11, 2011

A quicky on Tuesday morning

Found this chart on the interweb last night -- in a nutshell it talks about Median Household Income Index.  If the index had been set at 100 at the turn of the new millennium, today it would be 89, down 11 over the last 10 1/2 years.
(Source: here)
Take into consideration that during this period there has been some  (not much) inflation during this period.  the whole "Occupy Wall Street" demonstration makes a certain amount of sense.  although the exact same data is not available for Canada, during the 2005 to 2010 period, Canadian Median Household Income grew 13%.  this is reflected in the health of Canada's economy.

Moreover, although this is an after tax number it is not a after health care cost in America -- where health care costs have risen dramatically (on average 7.5% p.a. between 2000 and 2010).

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