Personal Income and Spending came in about in line with analysts' expectations, with Personal Income up 0.4% month-over-month and Personal Spending up 0.3% month-over-month.
Here's a look at the year-over-year growth pictures for Personal Income (top) and Personal Spending (bottom). The most recent measurement has Personal Income growth 4% year-over-year and Personal Spending growing 3% year-over-year.
[dalio]
Here's a look at the difference between Personal Income growth and Personal Spending growth.
[drizzle]
Interestingly, the difference between Personal Income growth and Personal Spending growth continues to be stubbornly high. This is shown by looking at where the difference between the two measures is right now, in the upper quartile of historical experience. ...
