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March 31, 2022US PERSONAL INCOME AND OUTLAY, FEBRUARY 2022 (Feb 2022 vs. Jan 2022, seasonally adjusted)
The US Bureau of Economic Analysis reports that US personal income increased $101.5 billion, or 0.5%. .
US personal disposable income increased $76.1 billion, or 0.4%.
In real per capita terms, US disposable personal income decreased 0.2%.
US personal consumption expenditures increased $34.9 billion, or 0.2%.
Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world increased $38.7 billion, or 3.5%.
The personal savings rate was 6.3% of disposable income.
QUOTATIONS
The estimate for February personal income and outlays reflected the continued economic recovery and government response to the COVID-19 pandemic. In February, government social benefits declined, reflecting the continued winding down of pandemic-related assistance programs. The full economic effects of the COVID-19 pandemic cannot be quantified in the personal income and outlays estimate because the impacts are generally embedded in source data and cannot be separately identified. For more information, see Effects of Selected Federal Pandemic Response Programs on Personal Income.
SOURCE
US Bureau of Economic Analysis. Press release, February 2022
Data retrieved from FRED, Federal Bank of St Louis, Table 2.6. Personal Income and Its Disposition, Monthly NIPA
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