• Flush With Cash, Americans Are Buying Everything From iPhones To Teslas

    12 days ago - By NPR

    Personal income jumped by a record 21% last month, largely thanks to those $1,400 relief payments. The extra cash helped fuel a jump in spending that should continue in the months to come. (Image credit: Justin Sullivan/Getty Images)
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  • Economic Roundup: Record U.S. Personal Income Gain Thanks to Uncle Sam

    Economic Roundup: Record U.S. Personal Income Gain Thanks to Uncle Sam

    12 days ago - By Economy

    Nominal personal income jumped 21.1% in March, but only 1.4% excluding transfer payments.
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  • Spending jumps as U.S. incomes surge

    12 days ago - By Finance Commerce

    U.S. consumer spending rose at the fastest pace in nine months while incomes soared by a record amount in March.
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  • Americans' personal income shot up 21.1% in March, a record dating back to at least 1946

    Americans' personal income shot up 21.1% in March, a record dating back to at least 1946

    12 days ago - By Business Insider

    Summary List Placement Income for American households in March surged by the largest amount ever, fueled by massive fiscal stimulus released by the US government to limit the economic damage from the COVID-19 health crisis.
    Personal income soared by an estimated 21.1% last month, or by $4.21 trillion, the Bureau of Economic Analysis said Friday. The figure compares to a 20.3% increase expected in an Econoday survey of economists. The March figure marked a swing from February's income decline of 7%.
    The monthly income leap was the biggest on record in data that goes back to 1946.
    "Incomes...
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  • Americans' personal income shot up 21.1% in March, a record dating back to at least 1946

    12 days ago - By Business Insider

    Passers-by examine a storefront window on Boston's Newbury Street shopping district. Personal income and spending both jumped in March.
    Steven Senne, File via AP
    Personal income for Americans climbed by 21.1% in March, the Commerce Department said Friday.
    It's the highest on record in data that goes all the way back to 1946; spending was up by 4.2%.
    The income jump was supported by the $1.9 trillion stimulus signed into law by President Biden.
    See more stories on Insider's business page .
    Income for American households in March surged by the largest amount ever, fueled by massive fiscal...
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