Savings Shrink as Americans See Biggest Monthly Income Drop in 20 Years

http://www.dailyfinance.com/2013/03/07/savings-shrink-as-americans-see-biggest-monthly-income-drop-in-2/

Feeling poorer?

Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.

Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.

It's something of a combination of one-time events, though.

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