Real Spending Power Grew Twice The Rate Of The Last Expansion

The average American's real spending power rose in 2018 at nearly twice the pace of the last economic expansion, according to data released on Friday by the Bureau of Economic Analysis.

Real disposable personal income per capita in the 12 months through December 2018 rose by 3.5% over the 12-months of 2017, compared with a compound annual growth rate of 1.8% in the five-year economic expansion that ended in July 2007 — the credit-fueled boom preceding the world financial crisis.

The Standard & Poor's 500 stock index closed at 2,803.69 on Friday, up from 2,792.67 last Friday. It was the fifth straight weekly gain for this broad benchmark of U.S. public equities, and the index edged closer to its all-time closing high on September 20th, 2018.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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