Archive for the 'Federal Reserve' Category

US Subprime Loans by State (January 2008)

I found this interactive graphic on a site called Many Eyes displaying data about subprime loans by state. Click on the thumbnail to load the graph.

6/29/2008 I had to remove the interactive graph from my site because it was crashing the site search.

Popularity: 4% [?]

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Has Middle America’s Wages Stagnated?

{Click on the image to take a closer look}
Avg Hourly Earnings magnafing glass

I found a Federal Reserve article that analyzed the change in Average Hourly Earnings for production and nonsupervisory workers. After adjusting for inflation using the Personal consumption expenditures (PCE) {instead of the Consumer Price Index-Urban Wage Earners and Clerical Workers (CPI-W)} and including an estimate for worker’s benefits, the author concluded that workers’ hourly earnings (wages plus benefits) actually increased by 16% over 30 years (1975-2005) rather than decreased. Here, I graphed the full history, 1964-2006, but used the approach laid out in the article to show the effect of inflation and benefits. BTW, if you earned $16.76 an hour in 2006 that gave you an annual income of $33,520 (assuming you worked full-time).

See also:
Average Income in the United States
Total Income of Top, Middle, & Bottom

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Addendum: This was past on to me from a reader who found it on Marginal Revolution

Popularity: 6% [?]