LONGVIEW – Personal income in April 2013 decreased less than 0.1 percent. Nominal personal consumption expenditures (PCE) fell 0.2 percent. Real PCE increased 0.1 percent. Nominal disposable personal income (DPI) fell 0.1 percent. Real DPI increased 0.1 percent. The personal saving rate as a percentage of DPI was 2.5 percent in April.
Personal Income is a monthly report, with revisions, derived from the U.S. Department of Commerce, Bureau of Economic Analysis, of the income that households receive from all sources, such as wages, salaries, employer contributions to pension plans, rental properties, dividends, and interest. It also includes information 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. Business leaders and investors rely upon economic indicators to make daily decisions. It’s important to put these decisions in a global context. For more information or advice, connect with me by email.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., a Washington-State Registered Investment Adviser. Bryant publishes information, conducts educational seminars/workshops, and provides financial planning services for individuals and/or small businesses. Chris is an award-winning speaker and the author of Personal Financial Planning. Since 1999, Bryant has devoted his professional practice to helping people make money, save money, protect money, have convenience, and peace of mind. Connect with Chris.
Chris Bryant is an American financial advisor.