ECONOMIC STIMULUS ACT OF 2008: Is it working? 2
Estimated rebates for 2008 provided by the Economic Stimulus Act of 2008 total $ 106.7 billion, distributed on a weekly basis from 28 April through mid-July.
Statistics from the US Bureau of Economic Analysis show improvements in Personal Incomes of US Residents:
It looks like, on a national basis, the tax rebates are working. A significant statistic is the Savings figure of 5% of Disposable Personal Income. Despite the increase in oil and foodprices, US residents have managed to maintain a good savings rate.
Is the Economic Stimulus Act working for you?
graphics by Ren Garcia
Tags: 2007 tax filings, adjusted gross income, disposable personal income, Economic Stimulus Act of 2008, filing status, personal consumption expenditures, personal income, personal savings, qualifying children, tax rebatesRelated Stories
POSTED IN: Accounting Concepts, Accounting for NonAccountants, Personal / Household Finance
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