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BEA News: Personal Income and Outlays, August 2022 and Annual Update

BEA News: Personal Income and Outlays, August 2022 and Annual Update

September 30, 2022 from Bureau of Economic Analysis U.S. Department of Commerce

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

Personal income increased $71.6 billion, or 0.3 percent at a monthly rate, while consumer spending increased $67.5 billion, or 0.4 percent, in August. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.5 percent in August, the same rate as in July.

The full text of the release can be found at: www.bea.gov/news/2022/personal-income-and-outlays-august-2022-and-annual-update

Donato Pompo

Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. Donato is the founder of CTaSC.