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Without Stimulus Checks, Personal Income Dropped 13% from March to April On 5/28/21 at 10:30 AM EDT Without March s one-time individual stimulus checks providing a boost, personal income in the U.S. dropped 13.1% from March to April, according to a report from the Commerce Department. Billions of dollars in stimulus checks were distributed in March, which led to a record 20.9% income gain and the drop in April s personal income was expected, the Associated Press reported. In April, Americans increased their spending by 0.5% compared to March s 4.7% spending increase. When provided with the ability to spend in a safe way, consumers have the will and the desire to do so, Lydia Boussour, lead U.S. economist for Oxford Economics, told the Associated Press.

United statesJerome powellLydia boussourJanet yellenCommerce departmentAssociated pressFederal reserveWithout marchOxford economicsChair jerome powellTreasury secretary janet yellenMany americansஒன்றுபட்டது மாநிலங்களில்ஜெரோம் போவல்வர்த்தகம் துறைதொடர்புடையது ப்ரெஸ்