What Is Personal Income?
personal income
,
Personal expenses
:
Personal income, including all income derived from wages and social welfare, reflects the actual purchasing power level of the individual in the country and indicates the future.
Consumer
Changes in demand for goods and services.
Personal expenditure, including two aspects of personal purchase of goods and services, is an important indicator of consumer spending.
The increase in personal income represents an improvement in the economy, while personal consumption expenditure may increase. When other economic data begin to show continuous growth, personal income and consumption expenditure outweigh the estimated value, the market may expect the Federal Reserve to raise interest rates and benefit the US dollar.
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