August 28, 2009
Incomes, Spending Flat In July
By Matthew L. Brown
Personal income increased less than 0.1 percent, or $3.8 billion, and disposable personal income decreased by a similar amount in July, according to the U.S. Bureau of Economic Analysis.
Personal consumption expenditures increased $25.0 billion, or 0.2 percent, after decreasing by $133.4 billion, or 1.1 percent in June.
Real disposable income decreased 0.1 percent in July, compared with a decrease of 1.6 percent in June.
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