Personal Income Increased for Sixth Consecutive Month
Personal income increased 0.2% ($39.3 billion) in August according to the Bureau of Economic Analysis, down from a 0.4% increase in July. Personal consumption expenditures also increased, rising less than 0.1% or $6.2 billion. Real disposable personal income – personal income less personal taxes – increased 0.1% after rising 0.3% in July. The personal savings