US Personal Income and Spending Show Signs of Slowdown in May 2025
TL;DR
In May 2025, US personal income declined by 0.4%, with decreases in government benefits and farm income partly offset by higher wages, while personal consumption expenditures fell slightly, and the PCE price index saw modest increases.
- Personal Income and Outlays, May 2025 Bureau of Economic Analysis (BEA) (.gov)
- US Consumer Spending Drops for First Time Since Start of Year Bloomberg
- Americans reined in their spending last month Channel 3000
- US Personal Income Growth Slows In May Finimize
- US Personal Income Posts Surprise Drop TradingView
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Read on Bureau of Economic Analysis (BEA) (.gov)