Row 65961

Row ID: 65961 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 65961 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

> The data provided by Federal Reserve shows a big drop in real median income household income

Where are you getting that idea?

https://www.cnbc.com/2024/04/05/job-growth-totaled-303000-in-march-better-than-expected-and-unemployment-was-3point8percent.html

Unemployment at 3.8%, payrolls up by over 300k, wages up 4.1% y/y. This is as of March.

Here's the y/y for wage growth charted up til April:

https://www.atlantafed.org/chcs/wage-growth-tracker

So while it may not have grown as much y/y as last month, it's still average/above average compared to the past 20+ years.

Real disposable income is also up, though not quite as much y/y. It is not negative.

https://www.whitehouse.gov/cea/written-materials/2024/03/29/real-wage-and-income-growth-continue-to-support-consumer-spending/

So again, no, the economy is not doing bad by objective metrics. Whether or not news media actually chooses to report reality is a different case.

I didn't bother with your personal example because frankly anecdotes aren't really pertinent to a discussion of macro views. That's not a slight against you, simply that I don't think it matters when we're talking about aggregate data.

Edit:

Literally the only thing I can find that is negative regarding real income is here:

https://www.bls.gov/news.release/realer.nr0.htm

M/m there was a real income decrease, but it was still up y/y so it's hardly "bad".

FieldValue
text > The data provided by Federal Reserve shows a big drop in real median income household income Where are you getting that idea? https://www.cnbc.com/2024/04/05/job-growth-totaled-303000-in-march-better-than-expected-and-unemployment-was-3point8percent.html Unemployment at 3.8%, payrolls up by over 300k, wages up 4.1% y/y. This is as of March. Here's the y/y for wage growth charted up til April: https://www.atlantafed.org/chcs/wage-growth-tracker So while it may not have grown as much y/y a…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-23
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Raw Record

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  "text": "> The data provided by Federal Reserve shows a big drop in real median income household income\n\nWhere are you getting that idea?\n\nhttps://www.cnbc.com/2024/04/05/job-growth-totaled-303000-in-march-better-than-expected-and-unemployment-was-3point8percent.html\n\nUnemployment at 3.8%, payrolls up by over 300k, wages up 4.1% y/y. This is as of March.\n\nHere's the y/y for wage growth charted up til April:\n\nhttps://www.atlantafed.org/chcs/wage-growth-tracker\n\nSo while it may not have grown as much y/y as last month, it's still average/above average compared to the past 20+ years.\n\nReal disposable income is also up, though not quite as much y/y. It is not negative.\n\nhttps://www.whitehouse.gov/cea/written-materials/2024/03/29/real-wage-and-income-growth-continue-to-support-consumer-spending/\n\nSo again, no, the economy is not doing bad by objective metrics. Whether or not news media actually chooses to report reality is a different case.\n\nI didn't bother with your personal example because frankly anecdotes aren't really pertinent to a discussion of macro views. That's not a slight against you, simply that I don't think it matters when we're talking about aggregate data.\n\nEdit:\n\nLiterally the only thing I can find that is negative regarding real income is here:\n\nhttps://www.bls.gov/news.release/realer.nr0.htm\n\nM/m there was a real income decrease, but it was still up y/y so it's hardly \"bad\".",
  "label": "r/investing",
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  "datetime": "2024-05-23",
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