Consumers made less, spent less and saved more last month.
Personal income fell .3%, disposable personal income stayed unchanged, and personal consumption spending fell .2% the Commerce Department reported today.
But consumers, fearful of losing their jobs or other financial hardships, continued to save more. Personal saving as a percentage of disposable income was 4.2% in March, compared with 4% in February.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.