Tag Archive for ‘personal income’

Personal Income Increased 0.4% in May

The most recent data release from the Bureau of Economic Analysis (BEA) showed that Personal income climbed 0.4% in May after a 0.2% increase in the prior month. Gains in personal income are largely driven by increases in wages and salaries, 0.3% higher than in April. Real disposable income, income remaining after being adjusted for taxes and inflation, was up… Read More ›

Personal Income Rises 0.3% in March

The most recent data release from the Bureau of Economic Analysis (BEA) showed that Personal income climbed 0.3% in March after increasing by the same margin in prior month. Gains in personal income are largely driven by increases in wages and salaries. This is in line with the report by the National Compensation Survey that wages and salaries for civilian… Read More ›

Saving Rate Rises to 3.4% in February

According to the most recent data release from the Bureau of Economic Analysis, savings increased to $497 billion in February, the highest level since August 2017. The U.S. saving rate rose to 3.4% from 3.2% in January. It was the second consecutive increase after a relatively low 2.5% in December last year. As shown in the graph below, the savings… Read More ›

Consumer Spending Up, Saving Rate Down

The most recent data release from the Bureau of Economic Analysis shows that personal consumption expenditures increased 0.6% in November following a downwardly revised increase of 0.2% in October. Adjusted to remove the price change, real personal spending was up by 0.4% after being virtually unchanged in October. This increase is mostly due to a higher spending on nondurable goods…. Read More ›

October Gains in Personal Income and Spending

Personal income climbed 0.4% in October, according to the most recent data release from the Bureau of Economic Analysis. Gains in personal income are largely driven by increases in wages and salaries and personal interest income. Personal consumption expenditures increased by 0.3% in October, compared to nearly 0.9% jump reported in September. Real spending, adjusted to remove inflation, inched up… Read More ›

Gains in September Personal Spending

Personal consumption expenditures rose 1% in September, according to the most recent data release from the Bureau of Economic Analysis. The strong gains were mainly due to higher spending on new motor vehicles and household utilities in September. Adjusted for inflation, personal spending was up by 0.6%, after a 0.1% decline in August. Personal income climbed 0.4% in September, largely… Read More ›

U.S. Personal Income and Spending Rise in August

Personal income climbed 0.2% in August after the downwardly revised 0.3% growth in July, according to the most recent data release from the Bureau of Economic Analysis. Wages and Salaries, the biggest share of personal income, registered a slight increase of 0.04% after strong gains in June and July. Personal consumption expenditures edged up by 0.1% in August. Adjusted for… Read More ›

Gains in July U.S. Personal Income

Personal income increased 0.4% in July after showing virtually no change in the previous month, according to the most recent data release from the Bureau of Economic Analysis (BEA). This is the fastest growth since February 2017, as the wages and salaries maintained solid growth of 0.5% in July. Personal consumption expenditure rose by 0.3%, following upwardly revised 0.2% growth… Read More ›

June Personal Income and Consumption Expenditures Nearly Flat

According to the most recent data release from the Bureau of Economic Analysis (BEA), personal income remained virtually unchanged (-0.02%) since the last month. This is the first time that personal income failed to rise after a steady growth for 6 consecutive months. The BEA reported that the decrease in personal income in June primarily reflected decreases in personal dividend… Read More ›

Steady Growth in May Personal Income

Personal income climbed 0.4% in May, according to the most recent data release from the Bureau of Economic Analysis. Personal consumption expenditures inched up by 0.1% in May after strong gains in March and April. On a year-over-year comparison, personal consumption increased 4.2% in May. Disposable personal income, income remaining after deducting personal income taxes, grew by 0.6% after accounting… Read More ›