the last two months, the .gov has said that every man, women and child has SAVED about four thousand dollars each month. It continues, from Urban survival:
Personal Consumption and Laughter
Nothing like a Thursday morning ahead of a long holiday weekend with a little humor, mirth, and levity to set up the fun ahead this weekend, But rather than look for it in either of the political party charades, we'll instead get right into hard-core humor this morning with the latest press release from the government's Bureau of Economic Analysis which puts out the personal income and expenditure report which just crossed the wire in the past few minutes...
Personal income increased $42.3 billion, or 0.3 percent, and disposable personal income (DPI) increased $39.9 billion, or 0.3 percent, in July, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $46.0 billion, or 0.4 percent. In June, personal income increased $46.1 billion, or 0.3 percent, DPI increased $37.4 billion, or 0.3 percent, and PCE increased $3.5 billion, or less than 0.1 percent, based on revised estimates. Real disposable income increased 0.3 percent in July, compared with an increase of 0.2 percent in June. Real PCE increased 0.4 percent, in contrast to a decrease of 0.1 percent.
But wait! There's more...like the really juicy stuff about personal savings...
Personal saving -- DPI less personal outlays -- was $506.3 billion in July, compared with $516.2 billion in June. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.2 percent in July, compared with 4.3 percent in June.
(blah...blah...blah...)
Normally, somewhere in here I would point out the ludicrous claims of personal savings, but if you have a calculator and know that the working portion of the US population may be found in any recent BLS Unemployment Report (the latest is here) you will be able to amuse yourself at least until the first coffee break this morning.
:rotflmbo:
Personal Consumption and Laughter
Nothing like a Thursday morning ahead of a long holiday weekend with a little humor, mirth, and levity to set up the fun ahead this weekend, But rather than look for it in either of the political party charades, we'll instead get right into hard-core humor this morning with the latest press release from the government's Bureau of Economic Analysis which puts out the personal income and expenditure report which just crossed the wire in the past few minutes...
Personal income increased $42.3 billion, or 0.3 percent, and disposable personal income (DPI) increased $39.9 billion, or 0.3 percent, in July, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $46.0 billion, or 0.4 percent. In June, personal income increased $46.1 billion, or 0.3 percent, DPI increased $37.4 billion, or 0.3 percent, and PCE increased $3.5 billion, or less than 0.1 percent, based on revised estimates. Real disposable income increased 0.3 percent in July, compared with an increase of 0.2 percent in June. Real PCE increased 0.4 percent, in contrast to a decrease of 0.1 percent.
But wait! There's more...like the really juicy stuff about personal savings...
Personal saving -- DPI less personal outlays -- was $506.3 billion in July, compared with $516.2 billion in June. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.2 percent in July, compared with 4.3 percent in June.
(blah...blah...blah...)
Normally, somewhere in here I would point out the ludicrous claims of personal savings, but if you have a calculator and know that the working portion of the US population may be found in any recent BLS Unemployment Report (the latest is here) you will be able to amuse yourself at least until the first coffee break this morning.
:rotflmbo: