Personal Income Rises Slightly in December 2019

Personal incomes rose 0.2% in December 2019, according to the Bureau of Economic Analysis (BEA) to a SAAR of $18,992 billion. Increases in wages and salaries and personal interest income were the major factor in the rise of personal income. They were offset by a drop-off of $36.2 billion in farm proprietors’ income. Real disposable income (income remaining after adjusting for taxes and inflation) went down by <-0.1%> after a 0.3% gain in November.