Once again the personal savings increases point to healthier economic choices being made by individuals.
Personal saving was $534.2 billion in December, compared with $506.3 billion in November. Personal saving as a percentage of disposable personal income was 4.8%.
Personal income increased $44.5 billion, or 0.4%, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures increased $22.6 billion, or 0.2%, the 3rd straight month of increased spending.
Related: Increasing USA Saving Rate is a Good Sign – Saving Spurts as Spending Slashed – Changing Shopping Habits
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