Consumer Spending Pushed Up By Highest Inflation in Decades
Spending and prices are rising faster than incomes.
personal income
U.S. Slouches Toward Recession as Inflation Drags Down Income and Spending in May
Inflation-adjusted spending and income fell in May, raising concern that the post-pandemic economic recovery may have already run out of steam.
Real Personal Income Fell in March as Bidenflation Soared
Real personal income has fallen in 7 out of the last 8 months.
U.S. Personal Spending and Incomes Fell More Than Expected in February
Personal consumption expenditures fell one percent, a deeper drop than the 0.7 percent forecast by economists.
Personal Income Jumped 10% in January
Personal income rose 10.0 percent in January and consumer spending rose 2.4 percent, the Department of Commerce said Friday.
Consumer Spending Still Rising Even As Incomes Falter
Consumer spending and private sector wages rose even as income declined as government support ran dry.
Household Incomes and Spending Jump Higher, Beating Forecasts
Spending on goods is up by 15.5 percent compared with pre-pandemic levels.
U.S. Incomes Soared 10.5% in April and Saving Rate Hit Highest Level Ever
Government payments boosted income in April but Americans shut in their homes spent nearly $2 trillion less than they had a month earlier.
Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars
The jump in incomes and consumer spending undermines the narrative of an ailing economy that Democrat presidential hopefuls are pushing.
Winning: U.S. Incomes and Spending Jumped In October, While Inflation Faded
Personal income gains were surprisingly strong in October.
