BEA News: Personal Income and Outlays, January 2022

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

Personal income increased $9.0 billion, or less than 0.1 percent at a monthly rate, while consumer spending increased $337.2 billion, or 2.1 percent, in January. The increase in personal income primarily reflected an increase in compensation of employees that was partly offset by a decrease in government social benefits. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.4 percent in January, compared with 8.2 percent in December.

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

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