Personal income in August 2012 rose 0.1 percent. Nominal personal consumption expenditures (PCE) increased 0.5 percent and real PCE rose 0.1 percent. Nominal disposable personal income (DPI) increased 0.1 percent while real DPI fell 0.3 percent. The personal saving rate as a percentage of DPI was 3.7 percent in August.
Personal Income and Spending is a monthly report (with revisions), released by the Economics and Statistics Administration from data collected by the Bureau of Economic Analysis (BEA), of the income that households receive from all sources, such as wages and salaries, employer contributions to pension plans, rental properties, and dividends and interest. It also includes data on personal spending for durable goods (products with an expected life of more than one year) and non-durable goods and services, as well as information on the percentage of their income that households are saving.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only registered investment adviser guiding individual investors through the financial planning process to manage money with peace of mind.
Chris Bryant is an American financial advisor.