What happens if Americans got wealthier when nobody was looking? There are a number of ways to measure the health of the economy: gross domestic product (GDP) growth, job growth, and how much disposable personal income (DPI) Americans have. It turns out Americans have had more of the latter, if we are to believe a re-calculation from the Bureau of Economic Analysis (BEA). …
While it’s interesting from an economic angle, it has political ramifications as well. No, I don’t mean that President Obama is fudging the numbers or anything like that. It goes a long way in explaining in why President Obama won last year. [cont.]
Harry Enten, The Guardian