RSS U.S. Personal Income Growth Continues, While Spending Picks Up Pace in November

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 RSS U.S. Personal Income Growth Continues, While Spending Picks Up Pace in November

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Personal income grew 0.3% month-on-month (m/m) in November, a deceleration relative to October’s outsized 0.7% gain. Personal income is 5.3% higher than 12 months ago, well above the pace of inflation. Accounting for inflation and taxes, real personal disposable income grew 0.2% m/m, slower than the 0.5% pace in the prior month. Spending remained robust, […]

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