Personal income surged in January as Americans received $600 stimulus checks, leading to new optimism about the nation’s recovery from the pandemic. The monthly report issued by the Bureau of Economic Analysis for January noted a personal income increase of 10%, the second largest on record, was aided by federal […]
Tag: personal savings
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 […]