Disposable Income - Today's Personal Income figure came in at 4.4% today (year-over-year). The consensus-meeting figure is decent, although down from the recent 5% peak in July of this year.
In addition to the top-line Personal Income figure, the Bureau of Economic Analysis releases a number of sub-estimates and related figures, one of which is Personal Spending.
Personal Spending came in at a fairly weak 3% (year-over-year). The incredibly weak Personal Spending compared to moderate Personal Income has economists wondering - why?
Why is spending not growing as quickly as income?
Perhaps individuals are nervous about their job outlook, and are therefore saving some money for a rainy day.
[drizzle]
Or, perhaps low inflation...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
