Personal income fell slightly in August, while consumer spending increased, according to the U.S. Bureau of Economic Analysis.
The drop in personal income was $7.3 billion, or 0.1 percent. That’s the biggest drop since October 2009, according to the Associated Press.
Disposable personal income fell $5 billion in August, less than 0.1 percent, but after adjusting for inflation the decrease was 0.3 percent
Consumer spending rose $22.7 billion, or 0.2 percent in current dollars. After adjusting for inflation it fell less than 0.1 percent.
