June 1, 2009
Income Edges Higher
By Christina Davis
Personal income nudged up a slight 0.5 percent in April, according to a report from the U.S. Commerce Department.
Disposable income also edged up, increasing $121.8 billion or 1.1 percent.
The increase in personal income follows four months of no growth or negative growth. Part of the reason for the increase in income is the federal stimulus money made available through the American Recovery and Reinvestment Act of 2009.
Wages continued to slide, dropping $1.3 billion in April. However, that's a marked improvement from the $39.1 billion hit wages took in March.
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