Wages Rebound… FINALLY… Great news for the Economy

An annual Census Bureau report showed stunning results in consumer wage growth.

Wages Rebound

This chart from the Census Bureau report shows it all, as overall incomes increased a whopping 5.2%

2015-wage-growth-census-report

5.2% That’s Huge!

Two thirds of our economy (Gross Domestic Production) is consumer spending related.

A 5%+ increase on over two thirds of the economic spending and growth is good news.

More Income, More savings

Personal Savings Rate

9-18-16-personal-savings-rate-fredgraph

Happier

Consumer Sentiment on the rebound

9-18-16-michigan-consumer-sentiment

Less Debt

Household debt as a % of GDP

9-18-16-household-debt-to-gdp

Spend More

Recall here our notation of the growth in GDP…

8-26-16 GDP Graph Econoday

Great news for the economy!

Have a better Economy day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

What are your thoughts ??

Fill in your details below or click an icon to log in:

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