You had a little more money in your pocket during April.
The Bureau of Economic Analysis reports personal income rose by $58.4 billion, or 0.4%, last month with disposable personal income (DPI) -- what's left after taxes are deducted -- also up 0.4%, or $56.5 billion.
The advance in personal income was due mostly to increasing private wages and salaries.
Personal consumption expenditures (PCE), or consumer spending, jumped $53.2 billion or 0.4%, led by increases in outlays for recreational goods and vehicles & gasoline.
The PCE price index -- an inflation measure tied to spending -- rose 0.2%, while the “core” PCE price index, which excludes the volatile food and energy categories, also was up 0.2%.
Personal saving in April totaled $759.1 billion in April, which dropped the personal saving rate -- personal saving as a percentage of disposable personal income -- to 5.3% from 5.9% the month before.
The complete report is available on the BEA website.
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