Personal income fell in June — biggest drop in four years
Posted by: admin in Stocks Money News
Filed under: Bad news, Consumer experience, Economic data, Personal finance, Recession
If you are wondering why there was no growth in the economy last month, here are some reasons. Personal income fell 1.3% in June.
We had a small kick to the upside in May when the one-time stimulus payments were used. May’s gain was 1.4%. According to a Bloomberg survey, incomes were predicted to fall 1%. Now, all of that has evaporated. The consumer is pretty much tapped out again.
Continue reading Personal income fell in June — biggest drop in four years
Personal income fell in June — biggest drop in four years originally appeared on BloggingStocks on Tue, 04 Aug 2009 09:30:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
Entries (RSS)