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May 1, 2021
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Americans’ incomes grow after the “coronavirus” collapse


The Bureau of Economic Analysis of the United States Department of Commerce reported on the change in the level of income of the country’s population.

The indicator increased by 21.1% compared to February 2021. Consumer spending in the reporting period increased by 4.2%. Analysts polled by the media expected the growth of income of the US population by 20.3%, and expenses – by 4.1%.

Also, the ministry revised the dynamics of income and expenditure indicators for February this year. The indicator fell by 7% in monthly terms against the previously announced 7.1%, writes “Prime”. Estimates of expenditures of the US population remained the same – the indicator increased in the last winter month by 1%.

Disposable income of Americans in March increased by 23.6% compared to February. The indicator, expressed taking into account the value of the dollar in 2012 – by 23%. The ministry explains the trend with the financial support of Washington, with the help of which the amount of social benefits increased.

The United States economy is at a turning point. This was announced earlier by the head of the Federal Reserve System (FRS) Jerome Powell.

Article Categories:
Economy
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