The Commerce Department reports that personal income was down 0.1 percent in August from July, the first time there has been a decline in 2 years.
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Get Your Report Now!Economists had forecast incomes would rise 0.1 percent, according to a Bloomberg survey.
Wages and salaries dropped 0.2 percent, a decrease that was last exceeded in July 2009.
The drop in earnings led to a fall in spending on good as well, and slowed the increase in spending on services.