Joe Weisenthal | Mar. 31, 2012, 7:38 AM
Combing through the personal income and spending data (which was released yesterday) reveals all kinds of interesting nuggets.
For example, we observed the big surge in rental income in America, thanks to a surge in both rent prices, and the number of people who are renting homes, rather than buying them.
Anyway, here’s another fun one. Check out income earned from interest as a percentage of GDP.
As rates have declined, interest income as a total share of the economy is back to levels not seen since the early 70s.
It’s interesting to compare this chart with 10-year yields.
As you can see, interest income as a share of the total economy actually stayed pretty high throughout all of the 80s, even as rates dropped precipitously. And…
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