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Seeking Alpha:
US consumers saw their personal income and disposable personal income (DPI) drop in June 2009, but still increased their spending, according to the most recent “Personal Income and Outlays Report” from the Bureau of Economic Analysis (BEA), Retailer Daily reports.
According to BEA estimates, American consumers’ personal income decreased $159.8 billion, or 1.3%, in June. DPI, which is personal income less current personal taxes, decreased $143.8 billion, also a 1.3% drop. Meanwhile, consumers’ personal consumption expenditures (PCE), which essentially reflect consumer spending, increased $41.4 billion, or 0.4%.
(And consumer deleveraging at a snails' pace, all things considered.-AM)
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