Slide 2:

The title of chart on this slide is "Foundations: Real Wages (Real Wages and Spending, Year to Year Change)." This line-graph chart shows the year-to-year percentage change for real wages and real spending. The annual percentage change in real wages started at about 0.5 percent in 1996, peaked at about 3.0 percent in 1998, declined to near zero percent in 2000, climbed to approximately 2.25 percent in 2002, and dropped throughout 2003 and 2004 to end at approximately -0.75 percent. The annual percentage change in real spending was just under 3 percent in 1996, peaked at approximately 5.25 percent in 1998, remained high through 2000, dropped down to about 2 percent in 2002, and ended at just over 3 percent in 2004.

The source of the slide is Deloitte Research.