BEA News: Personal Income and Outlays, February 2023
March 31, 2023
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Personal income increased $72.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $27.9 billion, or 0.2 percent, in February. 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 4.6 percent in February, compared with 4.4 percent in January.
The full text of the release can be found at: www.bea.gov/news/2023/personal-income-and-outlays-february-2023