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 […]
Tag: personal income
Consumers May Have Hit Their Savings Peak
April 1, 2015 By Marguerite Ward A steady rise in personal income and an uptick in consumer spending suggest that slowly, but surely, the consumer will soon emerge from winter hibernation. Personal income in Feb. increased $58.6 billion, or 0.4 percent, outpacing the Jan. growth rate of 0.3 percent. Disposable […]
Personal Income Growth Falls Short, Spending Down in First Report of 2015
By Marguerite Ward Personal income grew less than expected and personal spending decreased more than expected in January. Still, both indicators are faring better on a year-over-year basis. The January report, released by the Bureau of Economic Analysis, disappointed economists who hoped recent increases in wages and total number of […]
The Gap Between Personal Income and Outlays is Expected to Continue in March
It’s all about the jobs market April 29, 2012 By Natalia V. Osipova American consumers’ appetite continue to outpace salaries and wages. Analysts say they expect to see personal income figures for March rise 0.2 percent and spending rev up 0.4 percent. The Bureau of Economic Analysis will issue the […]
Consumer Spending Accelerates, But Income Doesn’t Keep Up the Pace
MARCH 30, 2012 By Natalia V. Osipova Two months of solid consumer spending shows the U.S. recovery is gathering momentum. But it’s not yet time to celebrate. The disposable income of Americans in real terms was shrinking over the same period. So was the personal saving rate. The burgeoning gap gives […]
First Report on Personal Income and Spending in 2012 got a Weak Start
MARCH 1, 2012 By Natalia V. Osipova Americans saw their income rise again in January, but spending remained flat for the third month in a row. The report on personal income and outlays, issued by the Bureau of Labor Statistics today, made for a grim reading. Personal income rose slower […]