Americans see biggest one-month decline in income in 20 yearsBy Annalyn Kurtz
Mar. 04, 2013
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Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.
Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.