Are You Better Off Than 10 Years Ago?

Published Friday, May 4, 2018 at: 7:00 AM EDT

The progress of humanity moves inexorably slow, 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 2.2% at an average annual rate 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! Household net worth has skyrocketed in recent years, soaring in the current expansion far beyond the peak of mid-2007. Real average hourly earnings are up 9.9% from the bottom of The Great Recession in mid-2008. Real...

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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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