TRND - The Decline In Personal Income And Spending Adds To Evidence Of Reversal Of Economic Rebound
- Income becomes the latest metric, after restaurant reservations and jobless claims, to show a reversal.
- Real personal income declined -1.3% in November, the first decline since April.
- Real personal spending also declined -0.4% and is now down -2.7% from its February peak, while income remains higher by 2.0%.
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The Decline In Personal Income And Spending Adds To Evidence Of Reversal Of Economic Rebound