Economic Buzz: US Personal Income Rise 0.2% In July

29 Aug 2022 , 08:50 AM

The Commerce Department released a report showing US personal income increased by 0.2 percent in July after climbing by an upwardly revised 0.7 percent in June. Personal income less of personal current taxes also crept up by 0.2 percent in July. Meanwhile, personal spending inched up by 0.1 percent in July after jumping by 0.1 percent in June. Personal savings as a percentage of disposable personal income was unchanged at 5.0 percent.Powered by Commodity Insights