GOOD SHOW FOR INCOME: A 4.7% RISE

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, January 30, 1993                   TAG: 9301300090
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: Associated Press
DATELINE: WASHINGTON                                LENGTH: Short
GOOD SHOW FOR INCOME: A 4.7% RISE
American's income rose 4.7 percent in 1992, outpacing a 2.9 percent rate of inflation, the government said Friday. The savings rate hit a six-year high.
That was considerably better than 1991, when incomes increased 3.5 percent, narrowly staying ahead of that year's 3.1 percent inflation rate.
The Commerce Department said Friday that personal incomes rose 1 percent in December, which contributed to the 1992 increase, the largest since a 6.5 percent advance in 1990.
At the same time, consumer spending rose 5.3 percent in 1992, boosted by a 1 percent advance in December. It was the best showing since a 6.4 percent increase in 1990. Spending rose 3.7 percent in 1991.
Disposable incomes - incomes after taxes - also rose 1 percent in December, following a 0.2 percent drop a month earlier.
The resulting savings rate in December - savings as a percentage of disposable income - was 4.7 percent, up from 4.2 percent in November. That helped boost the annual rate to 4.8 percent, the highest since a 6 percent rate in 1986.

by Bhavesh Jinadra by CNB