January 30, 2017
Personal income growth disappointed in December, rising a less-than-expected 0.3% MoM. Of course, that did not stop Americans from spending as personal consumption rose 0.5% MoM in December. This is the 9th month in a row of higher annual spending growth than income growth…
Which sends the savings rate to just 5.4% – the lowest since March 2015.
This article was posted: Monday, January 30, 2017 at 9:10 am