LONGVIEW – Personal income in March 2013 increased 0.2 percent. Nominal personal consumption expenditures (PCE) rose 0.2 percent. Real PCE increased 0.3 percent. Nominal disposable personal income (DPI) rose 0.2 percent. Real DPI increased 0.3 percent. The personal saving rate as a percentage of DPI was 2.7 percent in March.
Personal Income is a monthly report, with revisions, derived from the U.S. Department of Commerce, Bureau of Economic Analysis of income that households receive from all sources, such as wages and salaries, employer contributions to pension plans, rental properties, dividends and interest. It also includes data on personal spending for durable goods (products with an expected life of more than one year) and nondurable goods and services, as well as information on the percentage of income that households are saving. Businesses and investors rely upon economic indicators to make daily decisions. It’s important to put these decisions into a global context. For more information about personal finance, contact Bryant Wealth
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., a Washington-State Registered Investment Adviser. Bryant provides independent, fee-only, financial planning services, investment supervisory services, and educational resources for individuals and small businesses. Chris is an award-winning speaker and the author of Personal Financial Planning. Since 1999, Chris has devoted his professional practice to helping people make money, save money, protect money, have convenience, and peace of mind. Connect with Chris.
Chris Bryant is an American financial advisor.