Tax Cuts Are Boosting Income Growth For Now, But Sustained Job Gains Are Needed To Support Personal Income Over The Long Haul
| Date |
Personal Income Percent change, year-over-year |
Disposable (after-tax) |
| 1999 |
6.08 |
5.62 |
| 1999 |
5.51 |
4.92 |
| 1999 |
5.01 |
4.39 |
| 1999 |
4.78 |
4.20 |
| 1999 |
4.55 |
3.94 |
| 1999 |
4.47 |
3.85 |
| 1999 |
4.25 |
3.55 |
| 1999 |
4.30 |
3.91 |
| 1999 |
4.15 |
3.47 |
| 1999 |
4.63 |
3.99 |
| 1999 |
4.93 |
4.37 |
| 1999 |
5.67 |
5.14 |
| 2000 |
6.71 |
5.91 |
| 2000 |
7.22 |
6.50 |
| 2000 |
7.84 |
7.11 |
| 2000 |
7.94 |
7.22 |
| 2000 |
8.14 |
7.63 |
| 2000 |
8.32 |
7.81 |
| 2000 |
8.73 |
8.35 |
| 2000 |
8.52 |
7.86 |
| 2000 |
8.88 |
8.53 |
| 2000 |
8.34 |
7.99 |
| 2000 |
7.76 |
7.42 |
| 2000 |
7.13 |
6.86 |
| 2001 |
6.07 |
5.82 |
| 2001 |
5.45 |
5.25 |
| 2001 |
4.81 |
4.57 |
| 2001 |
4.53 |
4.36 |
| 2001 |
3.82 |
3.58 |
| 2001 |
3.37 |
3.21 |
| 2001 |
3.05 |
4.17 |
| 2001 |
2.54 |
5.69 |
| 2001 |
2.13 |
4.16 |
| 2001 |
1.50 |
1.76 |
| 2001 |
1.33 |
1.74 |
| 2001 |
1.52 |
1.92 |
| 2002 |
1.42 |
4.38 |
| 2002 |
1.75 |
4.86 |
| 2002 |
1.87 |
5.07 |
| 2002 |
2.15 |
5.46 |
| 2002 |
2.73 |
6.15 |
| 2002 |
3.35 |
6.87 |
| 2002 |
2.58 |
4.98 |
| 2002 |
2.96 |
3.50 |
| 2002 |
3.17 |
4.92 |
| 2002 |
3.43 |
7.07 |
| 2002 |
3.69 |
7.27 |
| 2002 |
3.63 |
7.23 |
| 2003 |
3.33 |
4.77 |
| 2003 |
3.10 |
4.36 |
| 2003 |
3.01 |
4.17 |
| 2003 |
2.87 |
3.86 |
| 2003 |
2.81 |
3.70 |
| 2003 |
2.47 |
3.27 |
| 2003 |
3.16 |
5.09 |
| 2003 |
3.13 |
5.67 |
| 2003 |
3.36 |
4.68 |
| Source: BEA |