Income and outlays data provide an important and frequent look into the state of our economy. Of course, income is, for the most part, a necessary condition for spending. Outlays, in the report on personal consumption expenditures (PCE) represents over two-thirds of our nation’s output. Both were mixed in October 2020 according to the Bureau of Economic Analy
Income and Outlays
Income and outlays improved in November 2019 according to the Bureau of Economic Analysis. The headline count for income gained 0.5 percent. Similarly, disposable income (after-tax income) was also up 0.5 percent. Further, inflation adjusted income gained 0.4 percent. No matter how you dice it, Americans had more money to spend. And their spending increased.
Echoes from the partial government shutdown persist. Income and outlays data from the Bureau of Economic Analysis were delayed for December and incomplete for January, so they were released together in one report. We have both income and spending to end the year, but just income data to start 2019.
Incomes and outlays improved to start the second quarter of this year according to the Bureau of Economic Analysis. Personal income rose 0.3 percent in April 2018, and spending jumped 0.6 percent. Disposable personal income (DPI), aka after-tax pay, rose 0.4 percent or $60.9 billion, leading to some decay in the nation’s savings rate.
Americans made more and spent more money in March 2018 according to the Bureau of Economic Analysis’ report on Incomes and Outlays. However, in typical American style, consumers spent faster than their incomes grew, so the savings rate suffered. Finally, inflation’s trend seems to be nearing the Federal Reserve’s explicit target.
Personal income rose 0.4 percent in September 2017 according to the Bureau of Economic Analysis. This $66.9 billion uptick accelerated from August’s increase of 0.2 percent. Likewise, disposable personal income, aka after-tax pay, improved 0.4 percent. Americans used the additional take-home pay to partially fund their 1.0 percent increase in consumption. Since out