U.S. personal income climbs more than expected in FebruaryChristian Fernsby ▼ | March 27, 2020
The Commerce Department released a report on Friday showing personal income in the U.S. increased more than expected in the month of February, while personal spending rose in line with economist estimates.
American people The report said personal income climbed by 0.6 percent in February
Disposable personal income, or personal income less personal current taxes, increased by 0.5 percent, while real disposable income, which is adjusted to remove price changes, rose by 0.4 percent.
Meanwhile, the Commerce Department said personal spending edged up by 0.2 percent for the second straight month, matching expectations.
Excluding price changes, personal spending inched up by just 0.1 percent for the third consecutive month. ■