Real Disposable Income Grows at Above-Average Rate for 4th Straight Month, 1st Time Since 2007

Real disposable income increased by 3.7% in April from the same month last year, according to a report today from the BEA (data here, see Table 10). This marks the fourth consecutive month of above average growth in real disposable income, and is the first period of above-average growth over a four month period since 2007 (see chart above).

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Real Disposable Income Grows at Above-Average Rate for 4th Straight Month, 1st Time Since 2007

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