US population income fell by 0.1% in January

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The US Department of Commerce reported a 0.1% decline in American incomes in January, while experts had predicted a 0.3% increase. According to the Department's data for December, the income of US citizens in the last month of 2018 showed an increase of 1%, while their expenses decreased by 0.5%. The cost reduction was the highest since 2009. Economists did not predict such a significant change in the November figure. According to their estimates, revenue growth was expected at 0.4% and cost reduction - at 0.2%. In December, the real incomes of the population also grew by 1% after their increase by 0.2% a month earlier. The savings rate reached its highest level since 2016, rising to 7.6% from 6.1%.

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