• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Personal Income and Spending up in August Amid Higher Wages and Benefits

October 1, 2021 by Forex Winner Leave a Comment

Personal Income and Spending up in August Amid Higher Wages and Benefits

Source: Bureau of Economic Analysis

Both personal income and disposable personal income continued to expand in August while spending rebounded, driven by the higher employee compensation and government benefits during the period. DXY is down 0.18%.

  • Personal income grew by 35.5 billion or 0.2% in August, slower than the 1.1% increase recorded in July. Disposable personal income grew 0.1%, or $18.9 billion.
  • The growth is attributed to higher wages and salaries, as well as an increase in Child Tax Credit payments as authorized by the American Rescue Plan.
  • This was partly offset by the decline in unemployment insurance due to the decline in payments from the Pandemic Unemployment Compensation Program.
  • Personal consumption expenditures rose by 0.8% or $130.5 billion, reflecting a growth of $66.0 billion in spending for goods and $64.6 billion for services.
  • The PCE price index for the month grew 4.3% from the previous year, driven by growth in both goods and services, with energy prices up 24.9% and good prices up 2.8%.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

ayondo

Ayondo Review

June 14, 2019 By Forex Winner

tastyworks

tastyworks Review

April 28, 2020 By Forex Winner

axitrader

AxiTrader Review

December 18, 2019 By Forex Winner

Forex Robot Reviews

Tradescoop Review

May 2, 2023 By Forex Winner

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure