BEA News: Personal Income and Outlays, May 2021

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

Personal income decreased $414.3 billion, or 2.0 percent at a monthly rate, while consumer spending increased $2.9 billion, or less than 0.1 percent, in May. The decrease in personal income reflected declines in pandemic-related assistance programs.

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

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