- Prior rise was 0.4%
- Personal incomes jumped 2.6% compared to +0.8% expected
- November personal incomes were also revised higher to +1.0% from +0.6%
Looks like everybody got a Christmas bonus.
The rising incomes bode well for future spending and economic growth although there is some chatter that the special dividends paid out ahead of year end and lump-sum social security benefits may have skewed the number higher.
On the year, personal incomes rose 3.5% and spending was up 3.6%.
