Disposable Income Statistics: Up Just 1.2 Percent Since Recovery Began

Well the overall tone these days everywhere seems to be "The Economic Recovery is well under way" - we spotted one number that does not support that theory - the overall disposable income has gone up only by 1.2 percent (adjusted for inflation) since June 2009 (Source)

That number is disappointing for multiple reasons - this is the one number that matters, for all kinds of sellers. Yes, production might be up, yes, confidence might be up - but is there an actual increase in disposable income?