Uncle Sam Delivers A Strong Economy

Here's what going on.

Personal income, which accounts for 70% of the U.S. economy and is the key driver of the nation's growth, rose at a strong pace and broadly over the 12 months ended May 31st, and accelerated from the pace a month earlier. At the end of April, personal income had grown 3.9% over 12 months earlier; at the end of May, the 12-month growth rate rose to 4.1%.

Real disposable personal income after inflation and taxes rose by 1.7% in the 12 months through May. That's as good as the 1.8% compounded growth rate in the five-year peak during the last expansion. The 1.7% rate of growth in the real DPI 12-month pace through May was an improvement over the 1.5% rate in the 12-month period ended in April.

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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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