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January 27, 2023US PERSONAL INCOME AND OUTLAY, DECEMBER 2022 Month over month (Dec 2022 vs Nov 2022, seasonally adjusted)
The US Bureau of Economic Analysis reports that US personal income increased $49.5 billion, or 0.2%.
US personal disposable income increased $49.1 billion, or 0.3%.
In real per capita terms, US disposable personal income increased 0.2%.
US personal consumption expenditures decreased $41.6 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 $88.4 billion, or 16.1%.
The personal savings rate was 3.4% of disposable income, up from 2.9%.
SOURCE
US Bureau of Economic Analysis. Press release, December 2022
Data retrieved from FRED, Federal Bank of St Louis, Table 2.6. Personal Income and Its Disposition, Monthly NIPA
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