BEA News: Personal Income and Outlays, July 2021

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

Personal income increased $225.9 billion, or 1.1 percent at a monthly rate, while consumer spending increased $42.2 billion, or 0.3 percent, in July. Compensation increased and new advance Child Tax Credit payments, authorized by the American Rescue Plan, began in July.

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

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