Income Increases, So Does Spending

The bureau of economic analysis (BEA) released its income and expenditures report for the month of February 2010, showing personal income rose $1.2 billion and disposable income rose $1.6 billion.

However, personal expenditures rose at a higher rate than income, meaning American's were able to save less during the month of February.

It would seem that we're putting more money into the economy, which is good, but people are purchasing only the essentials, still opting to skimp on big ticket items.

The increased spending could be due to a growing comfortability about the stability of some people's jobs, or it could just be human nature in finding ways to make our expenditures rise to the level of our income.

More info and the full numbers on income and expenditures here.