U.S. Personal Income Higher

Mar 24, 2021

U.S. personal income continues to move higher despite the ongoing economic disruptions and unemployment caused by COVID-19. Real disposable personal income (inflation adjusted) was up 11.4 percent in January compared to December (Figure 2). Personal income consists of total earnings due to wages, investments, and other ventures. Spikes in personal income are evident in March of last year and January of this year due to the stimulus payments provided in the COVID-19 assistance packages.

Taxpayers received $1,200 per person in the first relief package, and $600 per person in the second one. For persons who did not lose a job, the vast majority, the assistance simply boosted income. It appears most people deposited the increased income into savings. The Economist reports that excess savings reached $1.6 trillion last month.

Figure 2. Total. U.S. Real Personal Income

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Video: Getting Started with FieldOps™

Get started with FieldOps™ and take control of your operation with real-time visibility and data-driven insights.

In this video, we’ll walk through the essential steps to set up and begin using New Holland FieldOps™, including account creation, connecting your equipment, and establishing accurate field boundaries. Learn how FieldOps brings your machines, fields, and teams together into one connected platform—helping improve efficiency, streamline workflows, and support better decision-making in the field.

You’ll learn how to: • Create a FieldOps account (web or mobile) • Connect your machines through your local New Holland dealer • Upload or create field boundaries • Start operations and visualize agronomic data in real time

Field boundaries are the foundation of accurate data and precision farming. Setting them up correctly helps improve machine performance, guidance accuracy, and overall operational efficiency across your operation.