Income Falls 1.3%, But . . .

Don’t get too bent out of shape over the bigger than expected drop in income in June.

It was the biggest drop in 4 years, but it came on top of the big May stimulus, which helped income surge 1.3%.

Back out govvie largesse, and the 2 months net out to more or less flat  . . .

~~~

NOTE:  Market Talk adds that personal income is down $453B since June 2008.

>

Source:
PERSONAL INCOME AND OUTLAYS: JUNE 2009
Bureau of Economic Analysis, U.S. Department of Commerce
AUGUST 4, 2009
BEA 09-34
http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Read this next.

Posted Under

Uncategorized