September 30, 2011
Personal Income Down In August
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.
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