Personal income rises more than expected

Posted by | November 30, 2016 08:43 | Filed under: Economy Good News Politics

Here’s another good sign of a robust economy.

Personal income increased by 0.6% (0.4% forecast,) boosted by higher employee compensation and interest on investments.

Spending gained by 0.3% (0.5% expected.) Consumers deferred some of their spending, with the rate of savings as a share of disposable income rising to 6% from 5.7%.

The second estimate of Q3 gross domestic product released on Tuesday was revised higher, to a 3.2% pace from 2.9%. This was mostly due to new data that reflected stronger consumer spending than previously thought.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

6 responses to Personal income rises more than expected

  1. oldfart November 30th, 2016 at 09:56

    That statement is sort of true…
    I didn’t expect to see a raise this year…
    And when I got it, it was ten dollars more, take home…than last year. :{

    • Mariafcrowder November 30th, 2016 at 10:12

      Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj458d:
      On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
      ➽➽;➽➽ http://GoogleFinancialJobsCash458MediaClubGetPay$97Hour ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★::::::!mj458d:….,…

    • anothertoothpick November 30th, 2016 at 11:23

      Don’t spend it all in one place!

    • Suzanne McFly November 30th, 2016 at 17:29

      You can buy a pitcher with all that money.

      • oldfart November 30th, 2016 at 20:40

        I was admonished not to spend it all in one place ! ;)

  2. Bunya November 30th, 2016 at 13:41

    “Personal income increased by 0.6%…”
    …and is expected to decrease dramatically in January – unless a miracle happens.

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