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Dec. Personal Income and Outlays: Income +2.6% m/m vs. +0.7% expected, +1.0% prior (revised)....

  • Thursday, January 31, 8:37 AM ET
    Dec. Personal Income and Outlays: Income +2.6% m/m vs. +0.7% expected, +1.0% prior (revised). Personal spending +0.2% m/m vs. 0.3% expected, +0.4% prior. PCE core price index flat% vs. 0.1% expected,  flat prior.
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This news story has 4 comments:

  •  
    Wage and Salary disbursements up 4.6% y-o-y
    31 Jan, 08:40 AM Reply Like
  •  
    It was the Goldman Sachs clan taking their bonus´s and dividends before the new tax laws kicked in...nothing more...if that was not there..it would be negative as the part time jobs are overtaking the full time jobs...
    31 Jan, 08:49 AM Reply Like
  •  
    Year end bonuses pulled forward due to fiscal cliff in order to save taxes. It appears that they weren't spent.

    Same thing happened in 1982 the last time we had this type of big tax increase on the table.

    It will be interesting to see whether after tax wages fall this quarter once the taxes start to bite.
    31 Jan, 08:52 AM Reply Like
  •  
    "It will be interesting to see whether after tax wages fall this quarter once the taxes start to bite. "

    Yes they will and big....
    1 Feb, 07:54 AM Reply Like
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