Watch 85 years of rising and falling American incomes in 25 seconds

The US economy is doing pretty well right now — but that wasn’t always the case.

CreditRepair.com put together a gif showing the trajectory of average incomes by state over the last 8 decades.

For the most part, incomes increased over the last 80-something years in the States. However, incomes fell sharply between 1929 and 1933, corresponding with the Great Depression, and in 2007, overlapping with the Great Recession.

In short, and perhaps somewhat obviously, “the rise and fall of America’s average income seems to correlate with periods of economic stability and disaster,” according to CreditRepair.com.

Check it out.

NOW WATCH: RED EVERYWHERE: It’s a global market meltdown

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.