Tags: personal income | increase | january

Incomes Soared in January, Helping Drive Personal Spending

Incomes Soared in January, Helping Drive Personal Spending
(Dreamstime.com)

Friday, 26 February 2021 10:23 AM

U.S. personal incomes soared in January as Americans received another round of pandemic-relief checks, helping to re-charge the economy with the strongest spending advance in seven months.

The 10% gain in incomes exceeded forecasts followed a 0.6% gain in December, a Commerce Department report showed Friday. Purchases increased 2.4% from the prior month, following a downwardly revised 0.4% decline in December.

© Copyright 2021 Bloomberg News. All rights reserved.


StreetTalk
U.S. personal incomes soared in January as Americans received another round of pandemic-relief checks, helping to re-charge the economy with the strongest spending advance in seven months.
personal income, increase, january
61
2021-23-26
Friday, 26 February 2021 10:23 AM
Newsmax Media, Inc.
 
Newsmax TV Live
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved