Personal income in December 2012 increased 2.6 percent. Nominal and real personal consumption expenditures (PCE) rose 0.2 percent. Nominal disposable personal income (DPI) increased 2.7 percent and real DPI rose 2.8 percent. The personal saving rate as a percentage of DPI was 6.5 percent in December. Overall, for 2012, personal income increased 3.5 percent from 2011. Nominal PCE increased 3.6 percent and real PCE rose 1.9 percent. Nominal DPI rose 3.3 percent and real DPI increased 1.5 percent. The personal saving rate was 3.9 percent in 2012.
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, 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.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc. – an institutional investor, and independent, fee-only, state-registered investment adviser. Bryant provides financial planning services for individual investors. Since 1999, Chris has devoted himself to helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris by E-mail or call 1-800-980-3048 toll free.
Chris Bryant is an American financial advisor.