In This Chapter
How personal income fuels consumer spending
Understanding consumer spending components
The personal consumption expenditure price index is closely tracked by the Federal Reserve
Why the personal income report is more up-to-date than the GDP report
The personal income report provides the broadest picture regarding the health of the household sector. After all, when it comes to spending, it’s how many bucks get deposited into your bank account—your income—that plays the key role in how much you purchase. You might be wondering if the personal income report tells us so much about consumers, why doesn’t it get as much market attention as the employment situation report? Well, they ...