BEA News: Personal Income and Outlays, May 2022
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Personal income increased $113.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased $32.7 billion, or 0.2 percent, in May. 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 5.4 percent in May, compared with 5.2 percent in April.
The full text of the release can be found at: www.bea.gov/news/2022/personal-income-and-outlays-may-2022