Insight from the OECD Household Dashboard: Why household incomes don’t always track changes in GDP

Posted by oecdecoscope. A key indicator of households’ material conditions, or economic well-being, is per capita household income, after deducting taxes and social contributions and including social benefits. It provides a better gauge than gross domestic product (GDP) of the resources households have at their disposal to buy goods and services or save for the future. More...