Personal income in November 2012 increased 0.6 percent. Nominal personal consumption expenditures (PCE) rose 0.4 percent and real PCE increased 0.6 percent. Nominal disposable personal income (DPI) increased 0.6 percent and real DPI rose 0.8 percent.
The personal saving rate as a percentage of DPI was 3.6 percent in November.
Personal Income and Spending, is a monthly report, with revisions, released 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, 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.
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.