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- U.S. personal income dipps 0.1 percent in January
U.S. personal income dipps 0.1 percent in January
The Commerce Department reported on Friday the U.S. personal income edged down 0.1 percent m-o-m in January after a 1.0 percent climb in February, recording the first fall since November of 2015.
According to the report, the decrease in personal income in January primarily reflected decreases in personal dividend income, farm proprietors’ income, and personal interest income that were partially offset by increases in social security benefit payments (related to cost of living adjustments), and other government social benefits to persons, which includes the Child Tax Credit and the Affordable Care Act refundable tax credit.
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