Real personal income fell in March as bidenflation soared

Disposable income fell in March after adjusting for inflation, the Commerce Department said on Friday.

Real personal disposable income, meaning income after taxes and inflation, fell 0.4% in March from February. It was the seventh time in the past eight months that personal disposable income in the United States fell from the previous month. It increased in February by 0.15%.

In nominal terms, personal disposable income rose 0.5%, but consumer prices rose 0.9%, stifling income growth.

Consumer spending rose 1.1% before adjusting for inflation. After inflation, however, spending rose only 0.2%.

On a yearly basis, revenue fell 19.9% ​​from the inflated stimulus check figure for March 2022. A year ago, revenue jumped 22.2% on the back of the government’s fiscal expansion. Biden administration. This excess income helped trigger the explosion of inflation that is currently hitting the US economy.


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