Figure J

Average annual growth of various income measures, by time period

1947–1979 1979–2007 2007–2010
Per capita personal income (NIPA) 2.6% 1.7% -1.3%
Per capita cash market-based income (NIPA) 2.4% 1.3% -2.6%
Per capita transfer income (NIPA) 4.9% 2.6% 7.0%
Cash, market-based income for bottom 90% (Piketty and Saez) 2.1% 0.2% -4.0%
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Source: Authors' analysis of data from Piketty and Saez (2013, updated) and Bureau of Economic Analysis National Income and Product Accounts (Table 2.1)


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