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Strong gains in consumer spending and incomes in March

Apr 30, 2021
U.S. consumer spending rose at the fastest pace in nine months while incomes soared by a record amount in March.
Michael M. Santiago/Getty Images

Consumer spending and personal income fell. That's bad news for the economy

Dec 23, 2020
With stimulus checks long gone and unemployment benefits running out, many consumers are less willing to spend.
Shoppers wearing protective masks are seen at Hudson Yards on Nov. 27, 2020, in New York.
Jeenah Moon/Getty Images

Personal incomes are up, but it won't last

Aug 28, 2020
Federal data for July caught the tail end of the $600 a week in additional federal unemployment insurance just before it expired.
An activist in Las Vegas tapes a sign to her car in support of extending the $600 weekly unemployment benefit, which expired at the end of July.
Bridget Bennett/AFP via Getty Images

Incomes rose in April, but only because of government relief payments

May 29, 2020
The Bureau of Economic Analysis reports that personal income rose by 10.5% in April. But without government relief payments, it would have fallen by roughly 5%.
President Trump signs the CARES Act in March. Personal income rose last month mainly due to the relief payments included in the act.