Americans' incomes zoomed higher at record speed in March
CNN
The economic recovery is underway and while there's still plenty of work to be done, new data on Americans' incomes shows the government's spending efforts are bearing fruit.
American wallets got a big cash injection in March as personal incomes rose 21.1%, or $4.2 trillion, marking the largest monthly increase on record, the Bureau of Economic Analysis reported Friday. It was also a reversal of the prior month's decline and more than economists had predicted. Disposable income rose 23.6%, or just below $4.2 trillion, which is also a record.More Related News