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Are You Better Off Than 10 Years Ago?

Are You Better Off Than 10 Years Ago?

Are you better off than you were 10 years ago?

The progress of humanity moves inexorably slowly, but there is irrefutable evidence that Americans are better off than they were 10 years ago — about 20% better off.

Real disposable personal income grew at an average annual rate of 2.2% since the end of the last recession.

That’s 2.2% more income after taxes and inflation, annually, for 10 years — 22% in the last 10 years!

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