Personal income increased $221.9 billion (0.9 percent at a monthly rate) in January, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $194.3 billion (0.9 percent) and personal consumption expenditures (PCE) decreased $30.7 billion (0.2 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-decreased $52.7 billion in January. Personal saving was $1.01 trillion in January and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.6 percent. Full Text
