Personal income in October 2012 increased less than 0.1 percent. Nominal personal consumption expenditures (PCE) decreased 0.2 percent and real PCE fell 0.3 percent. Nominal disposable personal income (DPI) increased less than 0.1 percent while real DPI fell 0.1 percent. The personal saving rate as a percentage of DPI was 3.4 percent in October.
Personal Income and Spending is a monthly report, released with revisions, by the Economics & Statistics Administration, U.S. Department of Commerce from data gathered 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, 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 income that households are saving.
Chris Bryant, MBA, RFC® is the founder and chief executive officer (CEO) of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Bryant provides financial planning services for individuals, families, trusts, estates, 401(k) plans, IRAs, and pension plans. Chris has a Masters Degree of Business Administration in Financial Planning from Glendale University and the advanced designation Registered Financial Consultant from the International Association of Registered Financial Consultants. Since 1999, Chris has devoted himself to the practice of financial services – helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris by E-mail or call toll-free 1-800-980-3048.
Chris Bryant is an American financial advisor.