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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

January 27, 2023

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%.





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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