Economic News Blog
Posted by: Steven Kline, Jr. 3. January 2019

Disposable Income Growth Unchanged for Sixth Month

Gardner Intelligence Disposable Income Growth

In November 2018, real disposable income was $14,460 billion. As is normally the case, real disposable income set an all-time high this month, up 2.8 percent from one year ago. The month-over-month rate of growth was either 2.7 or 2.8 percent for the sixth consecutive month.

The annual rate of growth remained unchanged at 2.7 percent for the fourth month in a row. This followed five straight months of 2.8-percent growth. The annual rate of growth should stay at this rate for at least the next three, if not the next six, months.

Keep in mind that changes in real disposable income typically lead capital equipment consumption by almost 24 months.

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