The Housing Chronicles Blog: Personal income rose faster than spending in May, leading to a rise in personal savings rate

Friday, June 29, 2018

Personal income rose faster than spending in May, leading to a rise in personal savings rate

In May, both personal income and disposable personal income rose 0.4 percent, while personal consumption expenditures (PCE) rose 0.2 percent, leading to a rise in the personal savings rate from 3.0 to 3.2 percent.

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