Thursday, April 30, 2009

2.3% Real Disposable Income Growth in March

From Table 10 in today's BEA report on Personal Income: Real disposable income increased 2.3% in March compared to March last year, following increases of 2.8% in January and 2.4% in February (see chart above).

This is the sixth consecutive month of positive growth in real personal income compared to the same month in the previous year, following negative growth in August and September 2008. The 2.3% increase in March real disposable income is equal to the 2.3% average over the last four years.

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