Monday, April 23, 2012

Disposable Income - True Measure of the Recession

If you believe that "life, liberty and the pursuit of happiness" is why you're on this planet (which I do), then you'll see why the chart below is representing your feelings of this economy probably better than any other chart has.  Disposable income has taken its largest hit/decline since the data has been recorded.  Even WORSE than the Volcker Recession, which is why (though in terms of GDP this recession is not quite as bad as the 1979-1983 recession) this one feels worse:


But then again, the founding fathers didn't want you to have fun. They wanted you to pay taxes, bloated health insurance premiums, and food, clothing and shelter for economic deadbeats and their children.  So you should be happy that chart shows the worst decline in disposable income since the data has been recorded.  Money is bad, which is why everybody is altruistic in wanting to take yours from you.

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