This post first appeared on FloatingPath
Disposable personal income rose 0.3% in February to $12.7062 trillion, the U.S. Bureau of Economic Analysis reports. This increase follows a 0.3% increase in January, and leaves disposable personal income up 3.0% from a year ago.
Personal outlays for the month totaled $12.1617 trillion, a 0.3% increase and up up 3.0% from the year prior.
Personal savings, which is disposable personal income less personal outlays, increased to $544.5 billion from $536.0 billion.
In April, Li Lu and Bruce Greenwald took part in a discussion at the 13th Annual Columbia China Business Conference. The value investor and professor discussed multiple topics, including the value investing philosophy and the qualities Li looks for when evaluating potential investments. Q3 2021 hedge fund letters, conferences and more How Value Investing Has Read More
Personal savings as a percentage of disposable personal income increased to 4.29% from 4.23% in January.