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March 29, 2018US PERSONAL INCOME AND OUTLAY, FEBRUARY 2018
The US Bureau of Economic Analysis reports that US personal income increased $67.3 billion, or 0.4 per cent in February (seasonally adjusted, levels at annualized rates). The increase in personal income in February primarily reflected an increase in wages and salaries and nonfarm proprietors' income. This is the eighth consecutive month with postive personal income growth in the US.
US personal disposable income increased $53.9 billion, or by 0.4 per cent. In real per capita terms, US disposable personal income increased 0.1 per cent.
US personal consumption expenditures increased $27.7 billion, or by 0.2 per cent in February.
Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world) was $497.4 billion in February. The personal savings rate rose to 3.4 per cent of disposable income.
Source: US Bureau of Economic Analysis
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