BEA News: Personal Income and Outlays, December 2021

BEA News: Personal Income and Outlays, December 2021

January 28, 2022

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

Personal income increased $70.7 billion, or 0.3 percent at a monthly rate, while consumer spending decreased $95.2 billion, or 0.6 percent, in December. The increase in personal income primarily reflected an increase in compensation of employees. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 7.9 percent in December, compared with 7.2 percent in November.

The full text of the release on BEA’s website can be found at:

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