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Sources of personal income.

Personal income increased $50.2 billion (annual rate) in December, following a decline of $4.3 billion in November. The changes were affected by a number of special factors. The December change was boosted by accelerated bonus payments to employees in the securities industry, subsidy payments to farm proprietors, bonus payments to employees in the motor vehicle industry, and retroactive social security benefit payments. The November change was reduced by subsidy payments to farm proprietors and by several other special factors that had boosted October personal income: bonus payments to employees in the motor vehicle industry, restitution payments to Japanese-Americans, and retirement incentive payments to U.S. Postal Service employees. Excluding these special factors, personal income increased $15.0 billion in December and 25.7 billion in November.

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Title Annotation:Total Output, Income, and Spending; ending December 1992
Publication:Economic Indicators
Article Type:Illustration
Date:Jan 1, 1993
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