Personal income in February 2013 increased 1.1 percent. Nominal personal consumption expenditures (PCE) rose 0.7 percent. Real PCE increased 0.3 percent. Nominal disposable personal income (DPI) rose 1.1 percent. Real DPI increased 0.7 percent. The personal saving rate as a percentage of DPI was 2.6 percent in February.
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., a Washington State Registered Investment Adviser providing independent, fee-only, financial planning services, portfolio management for individuals and small businesses, and educational seminars/workshops. Since 1999, Chris has devoted his professional practice to helping people make money, save money, protect money, have convenience and peace of mind. He is an award-winning speaker and the author of the book Personal Financial Planning, released February 2013. Connect with Chris by E-mail.
Chris Bryant is an American financial advisor.