The U.S. Bureau of Economic Analysis is reporting that personal income increased $181.6 billion (0.7% at a monthly rate) in May. Disposable personal income (DPI – personal income less personal current taxes) decreased $164.9 billion (0.7%), and personal consumption expenditures (PCE) increased $156.1 billion (0.7%). Personal saving was $704.2billion in May, and the personal saving rate (personal saving as a percentage of DPI) was 3%.
Click here to read the full report at the Bureau of Economic Analysis.
