Personal Outlays Outpace Income In August [CHARTS]

This post first appeared on Floating Path.

U.S. disposable personal income rose 0.3% in August to a seasonally adjusted annual rate of $13.11 trillion. This increase follows a 0.2% increase in July, and leaves disposable personal income up 4.3% from a year ago.

CIO Of One Of The World’s Most Successful Hedge Funds Presents His Top Long And Short

E-CommerceEgerton Capital was co-founded in 1994 by John Armitage. Since then, the firm has yielded huge profits for its investors. Some estimates put the total value of investing earnings at over $20 billion, making it one of the most profitable hedge funds of all time. Q3 2020 hedge fund letters, conferences and more SORRY! This Read More

Personal outlays for the month totaled $12.41 trillion, a 0.5% increase, leaving personal outlays up 3.8% from the year prior.

Personal Outlays


Personal savings, which is disposable personal income less personal outlays, decreased to $705.3 billion from $730.5 billion.


The personal savings rate decreased to 5.38% from 5.59%.