Content Section
INCOME

Personal Income Falls

The Commerce Department released numbers showing that personal-income growth dropped 3.6 percent in January—the largest fall since 1993. The news comes after a 2.6 percent rise in December, due in large part to dividends and bonuses paid in anticipation of tax increases. Consumer spending also rose 0.2 percent—but mostly because of higher heating bills. Spending on both cars and clothing decreased.

March 1, 2013 10:39 AM