Income Surges as Spending Drops Most On Record

by Mike ‘Mish’ Shedlock
The Street

Covid-19 had its hand in one of the most extreme economic reports ever.

The BEA’s Personal Income and Outlays Report has the curious details of an unexpected ride.

Income and Outlays

– Income: +10.5%
– Disposable Personal Income: +12.9%
– Real Disposable Income: +13.4%
– Personal Consumption Expenditures: -13.6%
– Real Personal Consumption Expenditures: -13.2%

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