Tags: personal income | increase | january

Incomes Soared in January, Helping Drive Personal Spending

Incomes Soared in January, Helping Drive Personal Spending
(Dreamstime.com)

Friday, 26 February 2021 10:23 AM EST

U.S. personal incomes soared in January as Americans received another round of pandemic-relief checks, helping to re-charge the economy with the strongest spending advance in seven months.

The 10% gain in incomes exceeded forecasts followed a 0.6% gain in December, a Commerce Department report showed Friday. Purchases increased 2.4% from the prior month, following a downwardly revised 0.4% decline in December.

© Copyright 2025 Bloomberg News. All rights reserved.


StreetTalk
U.S. personal incomes soared in January as Americans received another round of pandemic-relief checks, helping to re-charge the economy with the strongest spending advance in seven months.
personal income, increase, january
61
2021-23-26
Friday, 26 February 2021 10:23 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Newsmax2 Live
 
On Now:8:30p ET • Melania Trump: A Very Beautiful First Lady
Coming Up:9:00p ET • RFK Jr.: Uncensored
Get Newsmax Text Alerts

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© 2025 Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved