U.S. January Personal Income and Spending
Personal income decreased $505.5 billion, or 3.6 percent, and disposable personal income decreased $491.4 billion, or 4.0 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures increased $18.2 billion, or 0.2 percent.
Real disposable income decreased 4.0 percent in January, in contrast to an increase of 2.7 percent in December. Real PCE increased 0.1 percent, the same increase as in December.
Posted by David Steves