{"id":490910,"date":"2024-08-12T13:09:15","date_gmt":"2024-08-12T17:09:15","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=490910"},"modified":"2024-08-12T13:09:15","modified_gmt":"2024-08-12T17:09:15","slug":"household-incomes-gain-steam-oecd","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/research-and-markets\/household-incomes-gain-steam-oecd\/","title":{"rendered":"Household incomes gain steam: OECD"},"content":{"rendered":"<p class=\"p1\">Household income growth accelerated in the first quarter of 2024, according to new data from the Organization for Economic Cooperation and Development (OECD).<\/p>\n<p class=\"p1\">Across the OECD, per capita real household income was up by 0.9% in the first quarter, an increase from a 0.3% rise in the previous quarter, the Paris-based group reported.<\/p>\n<p class=\"p1\">Household income growth outpaced GDP growth, which was up 0.3% on a per capita basis in the first quarter.<\/p>\n<p class=\"p1\">All G7 economies saw household incomes rise in the first quarter, led by Italy, where incomes were up 3.4% due to higher employee compensation and social transfers, the OECD noted.<\/p>\n<p class=\"p1\">In Canada, real household income per capita was up 0.6% in the first quarter, reversing a 0.5% decline in the previous quarter, the OECD said.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">It noted that Canada&#8217;s household income growth was registered in the face of the fourth consecutive quarterly decline in real GDP per capita.<\/p>\n<p class=\"p1\">The U.K. and U.S. saw household incomes rise more modestly in the first quarter, up 0.3% and 0.2%, respectively.<\/p>\n<p class=\"p1\">Outside the G7, most other OECD countries also saw per capita household incomes rise in the first quarter, the OECD said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Per capita income growth rose in Q1, outpaced GDP<\/p>\n","protected":false},"author":147314,"featured_media":474851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2313],"tags":[36215,2657,2395,2426],"yst_prominent_words":[8793,94710,94709,94707,54885,28655,27379,20973,19737,8683,8041,5446],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/490910"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/147314"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=490910"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/490910\/revisions"}],"predecessor-version":[{"id":490919,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/490910\/revisions\/490919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/474851"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=490910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=490910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=490910"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=490910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}