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U.S. personal income rose 0.2% month-over-month in August, disposable personal income increased 0.3%, and personal consumption expenditures rose 0.9%.
Data released today by the U.S. Bureau of Economic Analysis (BEA) shows that U.S. personal income increased by $66.6 billion (0.2%) in August month-over-month, disposable personal income (DPI) increased by $68.6 billion (0.3%), and personal consumption expenditures (PCE) increased by $190.8 billion (0.9%). Personal savings for the month stood at $990.2 billion, with the personal saving rate at 4.1%.
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