Personal income is considered to be a coincident economic indicator, which implies that changes in personal income will occur simultaneously with changes in economic activity.

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Personal income is considered to be a coincident economic indicator because it reflects changes in economic activity that are occurring at the same time. In contrast, lagging indicators such as unemployment rates tend to reflect changes in economic activity that have already occurred, while leading indicators such as stock prices and consumer confidence tend to predict future changes in economic activity.

Personal Income Is Considered to Be a Coincident Economic Indicator