BEA News: Personal Income and Outlays, March 2022
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Personal income increased $107.2 billion, or 0.5 percent at a monthly rate, while consumer spending increased $185.0 billion, or 1.1 percent, in March. 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 6.2 percent in March, compared with 6.8 percent in February.
The full text of the release on BEA’s website can be found at: www.bea.gov/news/2022/personal-income-and-outlays-march-2022
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