Posts Tagged ‘personal income’

Consumer Spending Slows Further During Spring Quarter

Monday, August 9th, 2010

The United States is on a slow road to economic recovery that gets longer and longer as consumers spend less.

  • Sluggish consumer spending and stagnant personal incomes reflect a slow economy this spring.
  • Experts believe that economic growth will lose further momentum in the second half of the year as high unemployment, insecure consumers and renewed troubles in housing continue to plague recovery.
  • The rate of economic growth in the United States is about half the pace of what it normally is for a country coming out of a recession.

Facts & Figures

  • Consumer spending accounts for 70% of total economic activity.
  • The GDP slowed to an annual growth rate of 2.4% in the April-June quarter.

Personal Income is…

Wednesday, July 29th, 2009

Personal income is the total of an individual’s sources of income. This includes earnings from wages or salary, interest on their investments, stock dividends, and other forms of passive income.