This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.
Back to the phenomenal Real Median Household Income report from the US Census Bureau for 2015. If you recall, it rose by the most in history, 5.2% from 2014 to 2015. [It’s suspicious] Particularly when the Bureau of Economic Analysis’ Disposable Personal Income (DPI) per household grew by only 2.8% from 2014 to 2015.
Bear in mind that the Census Bureau changed its measure of household income in 2014 to make income growth look better. Starting in 2014, the Census Bureau began to ‘collect the value of assets that generate income if the respondent is unsure of the income generated.’ And the government started to use ‘income ranges’ as a follow-up for ‘don’t know’ or ‘refused’ answers on income-amount questions.
This post was published at Wall Street Examiner by Anthony B. Sanders ‘ September 23, 2016.