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: Hendrix Genetics Swine Raises the Bar: Delivering Robust Genetics for Pork Producers

The swine genetics landscape is evolving rapidly, and Hendrix Genetics Swine is leading the way. In this exclusive interview, Bryce Martin discusses how the integration of Hypor, Danish Genetics and the newly introduced Nexus product line is creating one of the industry's most comprehensive genetic portfolios. Producers across Canada, the United States and Europe are facing increasing pressure to improve efficiency, animal health, survivability and profitability, and Hendrix Genetics Swine is responding with genetics designed to meet those challenges.
Martin explains how the strengths of Hypor's balanced and sustainable breeding approach combine with Danish Genetics' reputation for robustness, growth performance and productivity to deliver solutions tailored to a wide range of production systems. The discussion also explores the launch of Nexus 100, a new sow developed from the combined expertise of both genetic programs and designed to improve predictability, survivability and total system profitability. For more information visit: https://swine.hendrix-genetics.com/en/