BEA News: Personal Income and Outlays, November 2022

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Personal income increased $80.1 billion, or 0.4 percent at a monthly rate, while consumer spending increased $19.8 billion, or 0.1 percent, in November. The increase in personal income primarily reflected increases in compensation and personal income receipts on assets. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.4 percent in November, compared with 2.2 percent in October.

The full text of the release can be found at www.bea.gov/features/2022/personal-income-and-outlays-november-2022