The BEA report for January 2026 was originally scheduled for February 26, 2026, was rescheduled until Friday due to the record-long government shutdown, spanning from October into November, caused by Congressional Democrats' refusal to approve a continuing resolution to keep the government open by maintaining previous spending levels.

At 4.5%, the personal savings rate in January rose from 4.0% in December, hitting the highest level since last July when it was also 4.5%. The savings rate is calculated by dividing Disposable Personal Income—which is income remaining (savings) after current taxes and expenditures —by total personal income.

Total personal income increased 0.4% from the previous month, up from December's 0.3% increase from November. The increase in personal income in January primarily reflected increases in compensation, personal dividend income, and personal current transfer receipts.

Disposable Personal Income (DPI) increased 0.9%, up from December's 0.3% gain. Adjusted for inflation, DPI rose 0.7%—up from 0.0% in December and the largest increase since March of 2025.

Consumer spending, which accounts for about two-thirds of the US economy, rose 0.4% in January, matching the previous month's increase.

Monthly taxes declined a seasonally-adjusted 3.2% from December to January. The Social Security Fairness Act signed by President Donald Trump last July went into effect in January, contributing to the decline.

BEA's Personal Consumption Expenditure (PCE) price index, which factors takes into account higher the cost of goods and services and is used as a measure of inflation, increased 0.3% in January after rising 0.4% in December. Excluding the volatile food and energy sectors, the so-called "core" PCE index advanced 0.4%, the same as it did the prior month.

The PCE index is the Federal Reserve's preferred inflation measure used in determining interest rate changes in its pursuit of a target inflation rate of 2.0%. The January PCE index rose 2.8% from a year earlier, while the core number increased 3.1%. Subscribe for free to Breaking Christian News here

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Researcher Convinced He's Found Noah's Ark Delivers a Message for Critics

Roseanne Barr Is Coming Back With a New Family Series

Security Bite: Apple's Latest Update, iOS 27, Lets Apps Ask Your iPhone If You're Being Scammed

When Death is Dressed as a Cure

Democrat Socialist Policies Would Cost $350K Per Household, Shorten Life Expectancy, Report Finds

Texas County Takes Stand Against Sharia With Unanimous Vote

New California Law Forces Churches to Provide 'Hate Speech' Training

First Atlantic Hurricane of the Season, Isaias Strengthens into Category 3 Storm, Threatens Gulf Coast

Massive 2,000-Year-Old Discovery Brings the World of Jesus to Life

Remembering October 7th: Thousands of Christians Gather in Jerusalem to Fight 'Spiritual Battle'

Pro-Lifers Visit Millions of Homes in Battleground States Ahead of Midterms

If This Is True, CNN Just Dropped Some Huge Nicolás Maduro News

A Satanic Invocation Opens Iowa City Council Meeting

Recent Poll Finds Shocking Support for Sharia Law by America's Youth; Here's What They Don't Understand

FBI Arrests 18-Year-Old Accused of Plotting ISIS Mall of America Attack in Minnesota

Secretary of State Rubio's Brilliant Speech and Warning That Western Decline is a Consequence of the Left's Self-Hatred

1,000 Christian Leaders Gather in Israel to Honor Oct 7 Victims, Stand With Survivors

Christian Believers, Pastors, America Needs Your Biblical Voice

Dr. Malone's Deep Dive into the Russian 'Plague' and What We Should Know

FBI Arrests Washington 'Trans Woman' Accused of Helping Plot the Canadian School Shooting, Even Watching the Livestream as Children Were Shot