Disposable Income Slowest Growth Since Jan. '14

(Negative) September real disposable income was $12,693 billion dollars (seasonally adjusted at an annual rate). This was an all-time high for real disposable income. In September, real disposable income grew 2.1 percent compared with one year ago. The month-over-month rate of growth was below 3.0 percent in six of the last seven months. The annual rate of growth has decelerated steadily since August 2015. In September, the annual rate of growth, now 2.8 percent, was the slowest since November 2014. Also, this was the third month in a row that the annual rate of growth was below 3.0 percent and the fourth month in a row below average.