LONGVIEW – Personal income in May 2013 increased 0.5 percent. Nominal personal consumption expenditures (PCE) rose 0.3 percent. Real PCE increased 0.2 percent. Nominal disposable personal income (DPI) rose 0.5 percent. Real DPI increased 0.4 percent. The personal saving rate as a percentage of DPI was 3.2 percent in May.
Personal Income is a monthly report, with revisions, derived from data released by the U.S. Department of Commerce, Bureau of Economic Analysis. It is a report of the 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. Decision-makers rely upon economic indicators every day. It’s important to put business and investment decisions into a global context. For advice and assistance with your money matters connect with me.
Chris Bryant, MBA, RFC® is the founder & CEO of Bryant Wealth Management, Inc. – a financial consulting practice for individuals and small businesses. Chris is an advanced communicator, leader, and the author of Personal Financial Planning. Connect with Chris about your life, your goals, your legacy.
Chris Bryant is an American financial advisor.