NEW YORK (CNNMoney)
Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.
Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.
It's something of a combination of one-time events, though.
Monthly income was unusually high in December because companies brought dividend and bonus payments forward to help recipients avoid paying higher taxes in 2013. The payroll tax cut's expiration also played a role in January's drop, because most workers have to pay 2 percentage points more in taxes this year.
Excluding those special factors, the Commerce Department estimates that disposable income actually increased 0.3% in January.
Meanwhile, spending increased by $18.2 billion, or 0.2%.
Americans saved about 2.4% of their disposable income in January, down from 6.4% in December. It marks the smallest saving rate since November 2007.
First Published: March 1, 2013: 9:07 AM ET
Anda sedang membaca artikel tentang
Americans see biggest monthly income drop in 20 years
Dengan url
https://sepakgajah.blogspot.com/2013/03/americans-see-biggest-monthly-income.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Americans see biggest monthly income drop in 20 years
namun jangan lupa untuk meletakkan link
Americans see biggest monthly income drop in 20 years
sebagai sumbernya
0 komentar:
Posting Komentar