Friday, August 24, 2012

An Interesting Chart

The graph below (FT Alphaville via TexExile) depicts real disposable household income growth by decile over the period 2000-2010:


Households in the southern periphery did quite well out of the euro; German households lost across the spectrum. but France is the real outlier here: sharp growth in the bottom and top deciles, losses in the middle. Explanations welcome. (Yes, Sarkozy tax policies no doubt helped the top decile. But what about the bottom 3? The RSA?)

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