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Americans spent 0.5% more in September, but income rose only 0.2%

The BEA's September report shows spending growing faster than pay, and the personal saving rate at 3.8%. Here is what that gap means.

Finvestex Desk · 2 min read
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On Thursday morning, Oct 29, the Bureau of Economic Analysis published its September report on personal income and outlays. The headline is a mismatch: households spent more than twice as fast as their incomes grew.

According to the BEA release, personal income rose $54.5 billion, or 0.2%, in September. Consumer spending rose $113.1 billion, or 0.5%. Put the two…

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General market information for educational purposes — not investment advice. Figures come from the linked sources.