Recovery: Disposable Income Takes Biggest Plunge Since Monthly Records Began in 1959
March 1st, 2013Via: Bloomberg:
Disposable income, or the money left over after taxes, dropped 4 percent after adjusting for inflation, the biggest plunge since monthly records began in 1959. The drop also reflected the lapse of the payroll tax holiday. Excluding the effect of the tax and other special factors such as the timing of bonuses and dividends, disposable personal income would have increased 0.3 percent in January, the same as in December, the report said.
Posted in Economy | Top Of Page
