Facebook Twitter LinkedIn
Register for our daily updates!


Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

Click to see the full profile


Share |

Wages and Spending Increase

But Taxes, Inflation Erode Income

Personal income increased 0.3 percent in February, the U.S. Commerce Department reported today, but after factoring in taxes and inflation real disposable income decreased 0.1 percent in contrast to an increase of 0.5 percent in January.

“The good news in today’s report is that wages and salaries – an important and large component of personal income – are strong and rising,” said U.S. Commerce Department Chief Economist Mark Doms.

Real consumer spending rose by .3 percent last month, as savings rates declined. As a percentage of disposable income, personal saving was 5.8 percent in February, compared with 6.1 percent in January. Personal saving fell from $676.7 billion in February compared with $710.5 billion in January.