Personal income in January 2013 decreased 3.6 percent. Nominal personal consumption expenditures (PCE) rose 0.2 percent. Real PCE increased 0.1 percent. Nominal and real disposable personal income (DPI) fell 4.0 percent. The personal saving rate as a percentage of DPI was 2.4 percent in January.
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. Bryant provides independent, fee-only, 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. He is the author of the new book, Personal Financial Planning. Connect with Chris by E-mail or call toll-free 1-800-980-3048.
Chris Bryant is an American financial advisor.