US income and spending rise in December 2025, aided by transfers and services
TL;DR
In December 2025, U.S. personal income rose 0.3% to $86.2B, boosting disposable income (DPI) by 0.3% and personal consumption expenditures (PCE) by 0.4% (with services up more than goods). Real PCE grew 0.1%, while the PCE price index climbed 0.4% (0.4% ex-food-and-energy, 2.9% year over year). Saving reached $830.8B (3.6% of DPI). The income gains were driven by transfer receipts (including a Maui wildfire settlement) and higher compensation, and personal outlays rose 0.4% to $90.2B. BEA also noted upcoming changes to its data-release formats and schedules, with the next release on March 13, 2026.
- Personal Income and Outlays, December 2025 Bureau of Economic Analysis (BEA) (.gov)
- The Fed’s Preferred Inflation Gauge Comes In as Expected, at 3% Barron's
- US PCE inflation heats up in December Reuters
- Dollar Rises Slightly as Key Inflation Measure Accelerates The Wall Street Journal
- Friday Could Be a Big Day for Markets The Motley Fool
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