BEA News: Personal Income and Outlays, July 2022

BEA News: Personal Income and Outlays, July 2022

August 26, 2022 from Bureau of Economic Analysis

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

Personal income increased $47.0 billion, or 0.2 percent at a monthly rate, while consumer spending increased $23.7 billion, or 0.1 percent, in July. 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 5.0 percent in July, the same rate as in June.

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