So, as the chart below highlights, rental income in the US remained fairly low compared to rising incomes from 1965 'til 2007.
So, focus on the relationship of rental income vs. total gross wage / salary growth...the chart below helps explain why renters likely feel poor, GDP continues to struggle, and landlords feel no pain. The Fed's policies are causing renters to pay record high rents, landlords to collect record profits, push housing prices, and ensuring renters cannot become 1st time buyers as they can neither save for a purchase or afford spiral home prices.
As an aside...The Fed Chairmen of Ben Bernanke and Janet Yellen supposedly serve at the discretion of the POTUS...and yet their policies disproportionally economically harmed the current administrations political base to the benefit of the other parties supporters. This is a curious twist to say the least.
- Wage gains and asset appreciation are going almost entirely to the top 20% and in particular the top 5% of America's citizens. http://econimica.blogspot.com/2015/02/fundamentally-flawed-chapter-36-wagesqe.html
- The rate of Corporate taxation is at 50yr lows while corporate profits at record highs...and yet corporations have created no net jobs since '00. http://econimica.blogspot.com/2015/02/fundamentally-flawed-chapter-35-taxes.html
- Unemployment #'s are a farce and there are fewer full time jobs today than in 2007 despite the growth of US population by about 18 million over that timespan. All job gains since '07 are part time jobs absent wages or benefits. http://econimica.blogspot.com/2015/04/employment-train-wreck-economy-that.html and http://econimica.blogspot.com/2015/04/an-update-on-ongoing-us-job.html
- As noted above - Rental income is at record highs outstripping all income gains since '07...to the benefit of rental property investors and the harm of America's most vulnerable.