BEA News: Personal Income and Outlays, August 2021

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

Personal income increased $35.5 billion, or 0.2 percent at a monthly rate, while consumer spending increased $130.5 billion, or 0.8 percent, in August. The increase in personal income primarily reflected increases in compensation as well as government social benefits, which reflect advance Child Tax Credit payments authorized by the American Rescue Plan.

The full text of the release on BEA’s website can be found at: www.bea.gov/news/2021/personal-income-and-outlays-august-2021

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