From the U.S. Department of Commerce, Bureau of Economic Analysis, released May 28, 2021...
Personal income decreased $3.21 trillion, or 13.1 percent at a monthly rate, while consumer spending increased $80.3 billion, or 0.5 percent, in April. Economic impact payments established by the American Rescue Plan Act, declined sharply in April.
The full text of the release on BEA's website can be found at:
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