PERSONAL INCOME RISES 0.2% IN FEBRUARY

By: Builder Mgazine

According to the most recent data from the Bureau of Economic Analysis, the nation’s personal income rose by 0.2% in February 2019, following a 0.1% drop in January. This increase has been attributed to a rise in wages and salaries, government social benefits to persons, and proprietor’s income.

Real disposable income, or income adjusted for taxes and inflation, fell by 0.2%. This follows a 1.0% increase in December 2018 and marks the first decline since April 2018. (This figure was calculated using only personal income due to the government shutdown.)

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