May 4, 2026
Saving Rate Dives to Cycle Low
New personal income and spending data released this week highlight a point that we discussed during our recent economic webinar. Real disposable income declined by 0.1% in March–the second consecutive monthly decline and the sixth out of the last 11 months. Consumers did not hold back for want of income, as real personal consumption expenditures increased by 0.2% in the…