Personal Income and Spending is a monthly report, with revisions, issued 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 nondurable goods and services, as well as information on the percentage of their income that households are saving.
Personal income in December 2013 increased less than 0.1 percent. Nominal personal consumption expenditures (PCE) rose 0.4 percent while real PCE grew 0.2 percent. Nominal disposable personal income (DPI) was virtually unchanged. Real DPI declined 0.2 percent. The personal saving rate as a percentage of DPI was 3.9 percent in December.
In 2013 overall, personal income increased 2.8 percent over 2012. Nominal PCE increased 3.1 percent, while real PCE grew 2.0 percent. Nominal DPI rose 1.9 percent while real DPI increased 0.7 percent. The personal saving rate as a percentage of DPI was 4.5 in 2013.
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The information presented here is not specific to anyone's personal circumstances. We issue this general advice for educational purposes based upon publicly available information from sources believed to be reliable. However, we cannot assure the accuracy or completeness of the information as it may change at any time and without notice.
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