Core Report | January 26, 2024

 

Total personal income continued to climb in December, increasing 0.3% from November. The boost in total personal income reflected increases in compensation and personal interest income. Total personal outlays increased as well, climbing 0.7% from November. The boost in spending was for both goods and services. The stronger increase in spending, compared to incomes, helped pushed the total savings rate to its lowest level since last December.

 

CORE REPORT