Personal Income

5 things to watch ahead of the March personal income release

The Bureau of Economic Analysis will release the personal income report from March on Friday, which is expected to show the most promising sign of economic recovery since the onset of the COVID-19 pandemic.  Impact of Stimulus Checks  The consensus amongst economists anticipates a personal income growth of at least […]

Hispanic Economic Progress: Surging Faster but Still Behind

When President Trump visited Florida last month, he highlighted one achievement in particular: the economic progress made by Hispanics, a group that has strongly opposed Trump because of his immigration policies. The unemployment rate for Hispanics had hit 4.8 percent in October, a record low, and has remained at about […]

Real Disposable Income Rises Sharply, Driven by One-Time Bonuses

Personal income increased in January, as employer optimism surrounding the recent tax bill made its way to consumers’ wallets. The 0.4% increase in January released Thursday by the Bureau of Economic Analysis exceeded analyst expectations. Disposable personal income, or the money households make after taxes, showed a more dramatic rise […]

Confidence Soars Amid Modest Consumption

Consumer confidence may be soaring but consumer spending has barely moved since last month. The Bureau of Economic Analysis released its latest report on March 31, which showed a 0.1% increase in consumer spending from last month, a slight disappointment from the 0.2% expected. A historically warm winter decreased service […]

Shoppers Are Looking For A Discount — And TJX is Reaping The Benefits

When President Trump took office in January, Simone Wilson was worried about how it might impact her small business. Wilson, who co-owns Spartan Construction and Interior Design just outside of Seattle with her husband James, was afraid her clients might not be as willing to dig into their pockets for […]

Personal Income Rises, But Buying Power Dwindles With Inflation

Personal income increased in January but the gains were eaten up by rising prices. Personal income rose 0.4%, exceeding a 0.3% expectation. Consumer spending figures also rose by 0.2% — but a sharp disappointment compared to the previous month’s 0.5% growth. With rising prices, however, the real value after inflation […]