Shedlock: Spending Surge Coming With More Stimulus Money – Investment Watch
Personal Income Jumps 10% In January The Bea’s Personal Income and Outlays Report for January 2021 notes that personal income increased $1,954.7 billion (10.0 percent) in January. Disposable personal income (DPI) increased $1,963.2 billion (11.4 percent) and personal consumption expenditures (PCE) increased $340.9 billion (2.4 percent). Rise Due to Transfer Payments The 10% jump in January is due to a jump in transfer payments, notably covid stimulus payments. Transfer payments are free money or money equivalents from the Federal government. The category includes food stamps, a relatively...
Source: investmentwatchblog.com