Scoop has an Ethical Paywall
OECD Household Income Falls In The Fourth Quarter Of 2020, But Grows Overall During COVID Affected Year
Real household income per capita, which provides a better picture of people’s economic well-being than GDP, fell by 1.4% in the OECD area in the fourth quarter of 2020. This decline occurred despite a continued rise in real GDP per capita for the OECD area by 1.0%, following the sharp increase by 9.2% recorded in the previous quarter. Cumulatively however, since 2019 Q4, real household income per capita increased by 2.0% in the OECD area, while real GDP per capita declined by 3.4%.
Overall, the decline of 1.4% is the largest quarterly decline in real household income per capita since 2013 Q1 and reflects many governments across OECD countries reducing the level of COVID related transfer payments to households, after the unprecedented levels of support provided earlier in 2020.
See the full release.
See the tables and charts in Excel.
Kick Big Polluters Out: DeSmog Releases Analysis Of Big Ag And Food Industry Lobbyists From COP29 UNFCCC Participant Data
Climate Action Network: Fossil Of The Day Award Of COP29 Presented To South Korea, New Solidarity For Justice Award Goes To The Palestinian People
World Vision: New Research Finds Children In Asia-Pacific Suffer Mentally And Physically Due To Climate Change
COP29: Navigating Ocean Finance - Investing In A Sustainable Blue Future
Global Strategic Communications Council: One Year After Signing The Tripling Pledge, Governments’ Targets Are Unchanged, Even As Solar’s Prospects Are Upgraded
UN Climate Change: Financing The Future - Vera Songwe’s Vision For A Climate And Growth Agenda At COP29