Home Economics Personal Savings Soars 4.3 Percent In January [CHART]

Personal Savings Soars 4.3 Percent In January [CHART]

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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.

Personal savings as a percentage of disposable personal income increased to 4.29% from 4.23% in January.

Personal Savings Soars 4.3 Percent In January [CHART]

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