People spent less and saved more in December. The Personal Income and Outlays report covers individual income, consumption and savings. Consumer spending was basically flatlined, or -0.02% from last month, while disposable income increased by 0.4%.
The Personal Income and Outlays report for November covers individual income, consumption and savings. Consumer spending increased 0.1% while disposable income had no change. Personal income increased 0.1% There are two things to garner from this month's numbers. Consumer spending is mute and wages, salaries declined.
The Personal Income and Outlays report for October covers individual income, consumption and savings. Consumer spending increased 0.1% while disposable income has increased 0.3%. Personal income finally came alive, the first time breaking flat line since March, to a 0.4% monthly increase.
The Personal Income and Outlays report for September covers individual income, consumption and savings. Overall the report shows bad news as once again, America's income is rising less than spending. Spending is up 2.2% while disposable income has only increased 0.2% from this time last year.
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