Personal income increased $60.6 billion, or 0.5 percent, and disposable personal income (DPI) increased $50.8 billion, or 0.5 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $67.1 billion, or 0.7 percent.
In November, personal income increased $32.4 billion, or 0.3 percent, DPI increased $25.4 billion, or 0.3 percent, and PCE increased $51.1 billion, or 0.5 percent, based on revised estimates.
Personal saving as a percentage of disposable personal income was at (-1.60%) in July 2006 . ( interestingly the Fed had done its last rate hike in June 2006 to 5.25%)
This situation had improved towards ( -0.69%) by October 2006.
However the savings rate has declined steadily back to a ( -1.20%) in December 2006
( click on the thumbnail on the top right - to get a historical percepective)