LONGVIEW – Personal income in June 2013 increased 0.3 percent. Nominal personal consumption expenditures (PCE) rose 0.5 percent. Real PCE increased 0.1 percent. Nominal disposable personal income (DPI) rose 0.3 percent. Real DPI fell 0.1 percent. The personal saving rate as a percentage of DPI was 4.4 percent in June.
Personal Income is a monthly report, with revisions, based on data released
by the Bureau of Economic Analysis 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 to put business and investment decisions into a global context.
Chris Bryant, MBA, RFC® is the founder & CEO of Bryant Wealth Management, Inc. He wrote the book, Personal Financial Planning, speaks to a wide-range of audiences, and provides financial planning services for individuals and small businesses. Connect with Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.