BEA News: Personal Income and Outlays, April 2022

BEA News: Personal Income and Outlays, April 2022

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

Personal income increased $89.3 billion, or 0.4 percent at a monthly rate, while consumer spending increased $152.3 billion, or 0.9 percent, in April. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 4.4 percent in April, compared with 5.0 percent in March.

The full text of the release on BEA’s website can be found at: www.bea.gov/news/2022/personal-income-and-outlays-april-2022

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