January Personal Income Up 10% Due to Stimulus

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income surged in January to a seasonally adjusted annual rate (SAAR) of $21,454 billion. The 10% increase in personal income was largely the effects of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act, which includes $1,660.9 billion in Economic impact payments. Compensation of employees… Read More ›