Personal income increased $86.2 billion (0.3 percent at a monthly rate) in December, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $75.7 billion (0.3 percent), and personal consumption expenditures (PCE) increased $91.0 billion (0.4 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $90.2 billion in December. Personal saving was $830.8 billion in December, and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.6 percent. Full Text
