Light Blogging Interrupted for Government Personal Income Report
From the Bureau of Economic Analysis:
Per capita personal income grew 4.6 percent in 2005, slightly less than the 5.0 percent growth in 2004 according to estimates released today by the U.S. Bureau of Economic Analysis. Growth rates in most states were tightly clustered about the national average; however, Louisiana’s 9.1 percent decline was notably slower while Wyoming’s 7.3 percent increase was notably higher.
The best info I could quickly find indicates that inflation was 3.4% last year (1st paragraph after first table).
In other words, the average person was better off by 1.2% at the end of 2005 than they were in 2004, not by as much as the previous year (where I believe the difference was a bit over 2%), but still better off.
