Monday, March 2, 2009

Consumption and Personal Income Rise in Jan

Regardless of whether you measure it real or nominal, per capita or aggregate.

January real personal income per capita was higher than in any month in U.S. history, with the exception of May 2008.

This is the second time in three months that real consumption spending has increased.

Even bigger news: the news media is actually reporting on this not-so-terrible data.

1 comment:

buermann said...

That 5.8% social security COLA for 2008 makes up the vast majority of the increase. Lucky they do those calculations in October, or there wouldn't be any inflation left to adjust for.