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BEA News: Personal Income and Outlays, May 2022

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

Donato Pompo

Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. Donato is the founder of CTaSC.