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Personal Income Rises At Slowest Pace In 5 Months As Savings Rate Drop

By Tyler Durden
Created 09/28/2015 - 07:39
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/28/2015 07:39 -0500



 

Personal income rose at 0.3% MoM in August, the weakest growth and biggest miss since March's tumble. At the same time spending rose 0.4% MoM, slightly more than expected. Of course this relative shift means the savings rate declined from 4.7% to 4.6%, which is to be cheered by economic models the emphasize spending over saving.

Income growth slowing dramatically...

[4]

 

 

Which means the savings rate has dropped to 10-month lows...

[5]

 

And in context...

[6]

 

Charts: Bloomberg

 

 

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Source URL: http://www.zerohedge.com/news/2015-09-28/personal-income-rises-slowest-pace-5-months-savings-rate-drops-10-month-lows

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