August 4, 2009
Spending Increases As Incomes Fall
By Matthew L. Brown
Personal income decreased $159.8 billion, or 1.3 percent, in June, according to the U.S. Bureau of Economic Analysis.
Disposable personal income decreased $143.8 billion, also a 1.3 percent change, over the same period.
In spite of the income drop, personal spending increased $41.4 billion, or 0.4 percent, during the month. In May, personal income increased 1.3 percent and disposable personal income increased 1.6 percent while spending increased 0.1 percent.
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