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

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.
Comments (4)
  • bbro
    , contributor
    Comments (9852) | Send Message
     
    Wage and Salary disbursements up 4.6% y-o-y
    31 Jan 2013, 08:40 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    It was the Goldman Sachs clan taking their bonusĀ“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 2013, 08:49 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1146) | Send Message
     
    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 2013, 08:52 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    "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 2013, 07:54 AM Reply Like
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