From the U.S. Department of Commerce, Bureau of Economic Analysis, released January 29, 2021...
Personal income increased 0.6 percent (monthly rate) while consumer spending decreased 0.2 percent in December as many provisions of the CARES Act continued to wind down before the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act was enacted on December 27, 2020. Additionally, new restrictions and closures took effect in some areas of the United States.
The full text of the release on BEA's website can be found at:
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