Household income grew at a faster pace in the fourth quarter than previously thought, which should help underpin spending this quarter. The Commerce Department said on Thursday personal income increased to a seasonally adjusted annual rate of $13.162 trillion, $3.3 billion more than reported last month, likely reflecting the strengthening labor market. Growth in disposable income was $10.6 billion more than previously estimated. While the government's final estimate left gross domestic product growth at an unrevised 3.0 percent pace last quarter, when measured from the income side, output increased at a 4.4 percent ... (full story)