Personal Income Drops for First Time in Years
March 4, 2019
While wages saw growth in January, overall personal income for the month was dragged down by weakening dividends and interest payments.
Overall personal income fell by 0.1 percent in January, following an increase of 1 percent in December. This marks the first decline in income since November 2015. Economists had anticipated an increase of 0.3 percent
Wages for the month were up 0.3 percent, down slightly from December’s 0.5 percent increase.