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United States: household incomes jump 10% in January thanks to public aid

2021-02-26T14:13:47.126Z

U.S. household incomes jumped 10% in January from December, an unusually large increase thanks to checks paid to households and extended unemployment benefits as part of the $ 900 billion stimulus package adopted in late 2020 by the government. Congress. To read also: Nicolas Baverez: "Plan Biden, when the recovery kills the recovery" Their spending, on the other hand, only increased by 2.4%, pu



U.S. household incomes jumped 10% in January from December, an unusually large increase thanks to checks paid to households and extended unemployment benefits as part of the $ 900 billion stimulus package adopted in late 2020 by the government. Congress.

To read also: Nicolas Baverez: "Plan Biden, when the recovery kills the recovery"

Their spending, on the other hand, only increased by 2.4%, pushing their savings rate to 20.5%. As financial markets worry about a potential return of inflation, consumer prices rose 0.3% over one month, a little slower than in December. Over one year, inflation was 1.5%, according to the PCE index, far from the 2% annual target the Fed is targeting.

Source: lefigaro

All business articles on 2021-02-26

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