Personal outlays (debt) -- PCE, personal interest payments, and personal current transfer payments increased $81.3 billion in December, compared with an increase of $49.8 billion in November.
PCE increased $80.2 billion, compared with an increase of $48.6 billion.

Personal saving -- DPI less personal outlays -- was a negative $67.4 billion in December, compared with a negative $21.6 billion in November. Personal saving as a percentage of disposable personal income was a negative 0.7 percent in December, compared with a negative 0.2 percent in November.

Negative personal saving reflects personal outlays that exceed disposable personal income.

Saving from current income may be near zero or negative when outlays are financed by borrowing (including borrowing financed through credit cards or home equity loans), by selling investments or other assets, or by using savings from previous periods.

For more information, see "Personal Saving" on BEA's Web site.

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