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Savings Slump Signals Fragile Ground Beneath U.S. Growth
economy1 day ago

Savings Slump Signals Fragile Ground Beneath U.S. Growth

A BEA/BEA report shows the U.S. personal savings rate fell to 2.6% in April (the lowest since June 2022) while core retail spending rose 5.7% year over year and personal income grew 2.5%. The gap between spending and income widened to 3.2 percentage points, meaning Americans are drawing down savings to maintain living standards. Even with strong markets and low unemployment, this shrinking cushion suggests consumer-driven growth may be unsustainable and could pose risks to the economy and to the political narrative surrounding Trump’s agenda.

via 24/7 Wall St.|
#bea-data#consumer-spending#core-retail-sales
US Savings Fall Signals Strain Behind Spending Boom
business1 day ago

US Savings Fall Signals Strain Behind Spending Boom

New BEA data show the U.S. personal savings rate fell to 2.6% in April—the lowest since June 2022—while core consumer spending rose 5.7% year over year and personal income increased 2.5%, meaning households are funding higher living costs by drawing down savings. With the cushion shrinking, the economy looks sturdy on the surface but faces growing strain that could complicate President Trump’s economic agenda even as markets stay energized.

via Yahoo Finance|
#bea#business#consumer-spending
economy4 days ago

BEA: April 2026 Personal Income Flat as Spending Rises

BEA's April 2026 personal income fell marginally (less than $0.1B) while disposable personal income slipped 0.1%; meanwhile personal consumption expenditures rose 0.5%, lifting total outlays by about $114B. Personal saving was $611.7B (2.6% saving rate). Real DPI dropped 0.5% and real PCE increased 0.1%, with the PCE price index up 0.4% (0.2% excluding food and energy). The income decline was mainly due to farm proprietors’ income tied to the Farmer Bridge Assistance Program, with compensation led by private wages and salaries. Next BEA release is June 25, 2026.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#bea#dpi#economy
economy1 month ago

February 2026: Spending Rises as Income Edges Down

US personal income fell 0.1% in February 2026 (-$18.2B), with disposable income down 0.1% (-$18.3B), while personal consumption expenditures increased 0.5% (+$103.2B), boosting total personal outlays by 0.5% (+$106.5B). Personal saving reached $931.5B (4.0% saving rate). The income drop was mainly due to lower personal dividend income and fewer transfer receipts, even as compensation rose. The PCE increase was split between goods (+$58.7B) and services (+$44.5B); real PCE rose 0.1%, and the PCE price index climbed 0.4% (0.4% excluding food and energy). Year over year, PCE prices were up 2.8% (3.0% ex food and energy). BEA notes data revisions and ongoing improvements; the next release is April 30, 2026, at 8:30 a.m. ET.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#bea#consumer-spending#economy
economy2 months ago

U.S. Personal Income and Spending Rise in January 2026, Savings Climb

U.S. personal income rose by $113.8 billion (0.4%) in January 2026, with disposable income up 0.9%. Personal consumption expenditures increased by $81.1 billion (0.4%), led by services, while real PCE rose 0.1%. The PCE price index gained 0.3% overall (0.4% ex-food/energy). Personal saving reached $1.05 trillion and the saving rate was 4.5%. The gains were driven by higher compensation, personal dividends, and a January cost-of-living adjustment boosting Social Security benefits. BEA also announced data-release modernization, moving to online interactive tables and discontinuing PDF/Excel releases after February 2026; next release is April 9, 2026.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#bea#economy#january-2026
economy3 months ago

US income and spending rise in December 2025, aided by transfers and services

In December 2025, U.S. personal income rose 0.3% to $86.2B, boosting disposable income (DPI) by 0.3% and personal consumption expenditures (PCE) by 0.4% (with services up more than goods). Real PCE grew 0.1%, while the PCE price index climbed 0.4% (0.4% ex-food-and-energy, 2.9% year over year). Saving reached $830.8B (3.6% of DPI). The income gains were driven by transfer receipts (including a Maui wildfire settlement) and higher compensation, and personal outlays rose 0.4% to $90.2B. BEA also noted upcoming changes to its data-release formats and schedules, with the next release on March 13, 2026.

via Bureau of Economic Analysis (BEA) (.gov)|
#bea#economy#maui-wildfire-settlement
economy9 months ago

US Inflation Remains Elevated as Consumer Spending Continues

In July 2025, U.S. personal income increased by 0.4%, driven mainly by higher wages and compensation, with personal consumption expenditures rising by 0.5%. Personal savings stood at $985.6 billion, and the PCE price index increased modestly by 0.2%. The BEA will release updated economic data later in September, including revised GDP figures.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#consumer-spending#economic-update#economy
economy11 months ago

US Personal Income and Spending Report for May 2025

In May 2025, US personal income declined by 0.4%, with personal savings remaining high at $1.01 trillion. The core inflation rate rose to 2.7%, exceeding expectations, while the overall PCE price index increased slightly by 0.1%, indicating inflation is slightly above the Fed's target. These indicators suggest a mixed economic outlook with cautious inflation control.

via Forex Factory|
#economy#federal-reserve#inflation
Inflation Pressures Persist as Fed Weighs Next Move
economy1 year ago

Inflation Pressures Persist as Fed Weighs Next Move

The core PCE price index, a key inflation measure for the Federal Reserve, rose 0.3% in October, aligning with forecasts and raising the 12-month core inflation rate to 2.8%. This increase complicates the likelihood of a December rate cut, with market odds for a cut rising to 66.5%. Personal income and spending also saw increases, with income rising 0.6% and spending 0.4%. The S&P 500 dipped slightly following the report, reflecting investor uncertainty about the Fed's next move.

via Investor's Business Daily|
#economy#federal-reserve#interest-rates
Inflation Stays Stubbornly High, Meeting Fed Expectations
economy1 year ago

Inflation Stays Stubbornly High, Meeting Fed Expectations

The Federal Reserve's closely monitored inflation gauge, the Personal Consumption Expenditures (PCE) price index, rose to 2.3% year-over-year in October, aligning with expectations. Core PCE, excluding food and energy, increased to 2.8%. Personal income surged by 0.6%, surpassing forecasts, while personal spending slightly slowed but still exceeded expectations. Despite these inflationary signals, market expectations for a December interest rate cut remain unchanged. The U.S. dollar index fell, and stock markets showed little movement ahead of the Thanksgiving holiday.

via Benzinga|
#economy#federal-reserve#inflation
economy1 year ago

US Consumer Spending Rises in October Amid Persistent Inflation

In October 2024, U.S. personal income rose by $147.4 billion (0.6%), while disposable personal income increased by $144.1 billion (0.7%). Personal consumption expenditures (PCE) grew by $72.3 billion (0.4%). The PCE price index rose 0.2%, with a 0.3% increase excluding food and energy. Real disposable income and real PCE saw modest gains of 0.4% and 0.1%, respectively. The increase in income was driven by higher compensation and asset income, while PCE growth was led by services, particularly healthcare and housing. The personal saving rate was 4.4%.

via Bureau of Economic Analysis|
#consumer-spending#disposable-income#economic-growth
Fed's Preferred Inflation Measure Rises at Slowest Pace This Year
economics2 years ago

Fed's Preferred Inflation Measure Rises at Slowest Pace This Year

The Fed's preferred inflation measure, the PCE price index, showed no progress in April, remaining flat at 0.3% for the month and 2.7% for the year. Real income and spending were negative, indicating a weakening economy. Personal income increased slightly, but real disposable personal income and real personal consumption expenditures both decreased. The economic slowdown continues, driven by declining income and consumer spending.

via Mish Talk|
#consumer-spending#economic-slowdown#economics