Personal Savings Rate | BEA – Bureau of Economic Analysis
Today, the U.S. Bureau of Economic Analysis reported that the June personal savings rate declined to 19% from March’s historic 33.5% high. Savings has been driven by concern over the economy, but is also an indication of pent-up spending demand. The question is: when will it be deployed? Click here for source tables and data
RELEASED AT 8:30 A.M. EDT, FRIDAY, July 31, 2020
Personal income decreased $222.8 billion (1.1 percent) in June according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $255.3 billion (1.4 percent) and personal consumption expenditures (PCE) increased $737.7 billion (5.6 percent). Real DPI decreased 1.8 percent in June and Real PCE increased 5.2 percent (tables 5 and 7). The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.2 percent.
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