Updated
Updated · Floor Focus · Apr 30
US personal income and spending rise in March
Updated
Updated · Floor Focus · Apr 30

US personal income and spending rise in March

6 articles · Updated · Floor Focus · Apr 30
  • The Bureau of Economic Analysis said income increased by $149.2bn and consumption by $195.4bn, while disposable personal income rose $142.5bn in Washington.
  • Spending gains were driven by a $132.6bn increase in goods and a $62.9bn rise in services, while personal outlays climbed $198.6bn.
  • Personal saving was $857.3bn and the saving rate was 3.6%, as higher compensation and farm proprietors' income partly offset a decline in other government social benefits.
With a widening wealth gap, is America's consumer spending boom actually sustainable?
How will new tax cuts and tariffs reshape the financial reality for average American families?