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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 2022 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
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