WHERE HAS LIVING BEEN BEST SINCE THE GREENSPAN-BERNANKE GREAT INFLATION, PEAK GDP AND THE GREATEST DEPRESSION?

Today, I did some sleuthing. Using income per resident, age 16 and up, expressed in True Dollars™, I compared the 50 states and the District of Columbia to see what Americans have weathered the Greatest Depression storm the best.

While I am not going to put up all 51 curve charts plotting per capita income for each state and DC, I shall present to you a few tables.

The first table shows the change in income per head from various dates in the past.



Nevada has been the best place to live since Peak GDP merely because Nevadans enjoyed the smallest decline in income per resident expressed in True Dollars™.




The second table shows how the states rank by changes in income as expressed in the percents above.



It fails to surprise that car making country — Michigan and Ohio sit at the bottom. Also, who wouldn't expect high-tax states like New York and Illinois to be  near the bottom. It surprises that residents of upstate New York continue to pay taxes to feed the residents of New York City. Likewise, it seems the residents of Chicago have the rest of Illinoisans held hostage.

The third table shows how the states rank by income per head at Peak GDP in True Dollars™, Q4 2007, and for the latest report (Q3 2014 as of this writing). Also, the table reveals the per cap income percentile for each state.

This table can give you an idea in which states living is declining and in which states living is improving.



For any state, if the number in the second column is larger than the number in the first column, living is worsening in that state.

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DISPOSABLE PERSONAL INCOME EACH AMERICAN PLUNGES -19.4% BELOW WHAT IT WAS IN 1959. YOU ARE LIVING IN AMERICANS' GREATEST DEPRESSION

Because bankers failed to collect key banking data before 1959, there is no way to put into True Dollars™, the state of affairs before the first quarter of 1959. Otherwise, it might be quite shocking to see exactly to where today compares.



Per capital DPI has fallen -47.02% from the Q1 2008 peak of $7678.40 each American age 16 or over.



And the graph of personal income in True Dollars™ mirrors GDP without surprise. No one should expect the U.S. economy to grow when credit priced in True Dollars has fallen.





Americans are living through the consequences of the Greenspan-Bernanke Great Inflation, the greatest credit bubble in the history of mankind.



And though personal unspent profit ("saving") rate is more than double what it measured at Q2 2005, Americans hardly save as they did between 1959 and 1975.

It's hard to get capital growth and thus growth in wages when savings are weak and working-age immigration continues to swell the ranks of the working-age population.



The U.S. Congress has upped their tax collection in spite of falling personal income and falling per capita personal income.



This chart shocks the eyes and mind. States' legislators have grown their respective state governments for years. Perhaps more than Congress, the growth of state governments explains why living in America moves toward totalitarianism every year.

Without doubt, salaries and pensions for state government workers have grown unreasonably generous over many years.





Americans might have lived it right in the 1950s.

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