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**Regression for Nominal disposable income growth**

	Dependent variable (+/- SE):

	Nominal disposable income growth

Constant	8.237 (+/- 2.033)
	p = 0.0003^***
Nominal GDP growth	-0.652 (+/- 0.204)
	p = 0.003^***

Observations	40
R²	0.211
Adjusted R²	0.191
Residual Std. Error	11.119 (df = 38)
F Statistic	10.185^*** (df = 1; 38)

Note:	^p<0.1; ^p<0.05; ^**p<0.01