Personal Income Increased in November

Personal income increased $1.6 billion in November, or less than 0.1%, according to the Bureau of Economic Analysis, down from a 0.5% increase in October. Personal consumption expenditures also increased, rising 0.2% or $24.0 billion. Disposable personal income – personal income less personal taxes – decreased $1.3 billion, or less than 0.1%.

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The personal savings rate – personal savings as a percentage of personal income – was 5.5%, down from October’s rate of 6.0%.

The price index for PCE was unchanged. Excluding food and energy, the index increased less than 0.1%.

Read the BEA release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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