The economic recession in 2009 was painful to most people. However, as wages and salaries, proprietors’ income, and income from assets (e.g., stocks, etc.) contracted that year, aggregate rental income rose as many homeowners turned into renters.
With the economy growing again, the aggregate levels for all types of income has been rising. Rental income continues to outpace all other types of income and has been growing much faster than the inflation rate, creating high positive real returns.