PhotoConsumers tended to hang on to what little increase in incomes they enjoyed in February.

The Commerce department reports personal income was up $23.7 billion, or 0.2% last month, with disposable personal income (DPI) -- what's left over after taxes -- up by the same amount and percentage.

Personal consumption expenditures (PCE) inched ahead $11.0 billion, or 0.1%.

Wages and salaries

Wages and salaries decreased by $9.4 billion in February after surging $46.5 billion in January. Private wages and salaries were down $12.9 billion, while government wages and salaries increased $3.5 billion.

Outlays and saving

Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- rose $10.4 billion in February, compared with an increase of $14.7 billion in January.

Personal saving -- DPI less personal outlays -- rose $13.3 billion from January to $733.6 billion. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 5.4%, up 0.1% from the previous month.

The complete report may be found on the Commerce Department website.


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