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Personal income and saving dip

Americans are making less and saving less but spending more. During June, personal income decreased $159.8 billion (1.3 percent) and disposable personal income decreased $143.8 billion (1.3 percent), as personal consumption expenditures increased $41.4 billion (0.4 percent). These numbers are revised estimates from the statistics released July 31 by the Bureau of Economic Analysis. In contrast,… Continue Reading Personal income and saving dip