According to recent data from the U.S. Bureau of Economic Analysis, personal income in August increased $95.7 billion (up 0.4% at a monthly rate). Disposable personal income (DPI – personal income less personal current taxes) increased $86.1 billion (up 0.4%) and personal consumption expenditures (PCE) increased $69.9 billion (0.3%). Personal outlays (the sum of PCE, personal interest payments, and personal current transfer payments) increased $129.2 billion in July. Personal saving was $1.06 trillion in August and the personal saving rate (personal saving as a percentage of disposable personal income) was 4.6%.
Click here to read the full report at the Bureau of Economic Analysis.
