All articles tagged with #personal income
US May 2026 personal income grew 0.7% (+$181.6B), with disposable income and PCE also up 0.7%; personal saving reached $704.2B (3.0%). The gain was led by farm proprietors’ income and compensation (aided by relief payments), while real PCE rose 0.3% as the PCE price index climbed 0.4% for the month. BEA notes upcoming 2026 annual updates to national, industry, state, and county accounts beginning Sept. 30, 2026.
A BEA/BEA report shows the U.S. personal savings rate fell to 2.6% in April (the lowest since June 2022) while core retail spending rose 5.7% year over year and personal income grew 2.5%. The gap between spending and income widened to 3.2 percentage points, meaning Americans are drawing down savings to maintain living standards. Even with strong markets and low unemployment, this shrinking cushion suggests consumer-driven growth may be unsustainable and could pose risks to the economy and to the political narrative surrounding Trump’s agenda.
New BEA data show the U.S. personal savings rate fell to 2.6% in April—the lowest since June 2022—while core consumer spending rose 5.7% year over year and personal income increased 2.5%, meaning households are funding higher living costs by drawing down savings. With the cushion shrinking, the economy looks sturdy on the surface but faces growing strain that could complicate President Trump’s economic agenda even as markets stay energized.
BEA's April 2026 personal income fell marginally (less than $0.1B) while disposable personal income slipped 0.1%; meanwhile personal consumption expenditures rose 0.5%, lifting total outlays by about $114B. Personal saving was $611.7B (2.6% saving rate). Real DPI dropped 0.5% and real PCE increased 0.1%, with the PCE price index up 0.4% (0.2% excluding food and energy). The income decline was mainly due to farm proprietors’ income tied to the Farmer Bridge Assistance Program, with compensation led by private wages and salaries. Next BEA release is June 25, 2026.
US personal income fell 0.1% in February 2026 (-$18.2B), with disposable income down 0.1% (-$18.3B), while personal consumption expenditures increased 0.5% (+$103.2B), boosting total personal outlays by 0.5% (+$106.5B). Personal saving reached $931.5B (4.0% saving rate). The income drop was mainly due to lower personal dividend income and fewer transfer receipts, even as compensation rose. The PCE increase was split between goods (+$58.7B) and services (+$44.5B); real PCE rose 0.1%, and the PCE price index climbed 0.4% (0.4% excluding food and energy). Year over year, PCE prices were up 2.8% (3.0% ex food and energy). BEA notes data revisions and ongoing improvements; the next release is April 30, 2026, at 8:30 a.m. ET.
U.S. personal income rose by $113.8 billion (0.4%) in January 2026, with disposable income up 0.9%. Personal consumption expenditures increased by $81.1 billion (0.4%), led by services, while real PCE rose 0.1%. The PCE price index gained 0.3% overall (0.4% ex-food/energy). Personal saving reached $1.05 trillion and the saving rate was 4.5%. The gains were driven by higher compensation, personal dividends, and a January cost-of-living adjustment boosting Social Security benefits. BEA also announced data-release modernization, moving to online interactive tables and discontinuing PDF/Excel releases after February 2026; next release is April 9, 2026.
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.
In August 2025, U.S. personal income rose by 0.4%, with personal consumption expenditures increasing by 0.6%, driven by higher wages, transfer receipts, and spending on goods and services, while the PCE price index increased by 0.3%.
In July 2025, U.S. personal income increased by 0.4%, driven mainly by higher wages and compensation, with personal consumption expenditures rising by 0.5%. Personal savings stood at $985.6 billion, and the PCE price index increased modestly by 0.2%. The BEA will release updated economic data later in September, including revised GDP figures.
In June 2025, U.S. personal income rose by 0.3%, driven by increased government social benefits and wages, with consumer spending also up by 0.3%, and the PCE price index increasing by 0.3%, indicating moderate economic growth and inflation.
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.
In May 2025, US personal income declined by 0.4%, with personal savings remaining high at $1.01 trillion. The core inflation rate rose to 2.7%, exceeding expectations, while the overall PCE price index increased slightly by 0.1%, indicating inflation is slightly above the Fed's target. These indicators suggest a mixed economic outlook with cautious inflation control.
The core PCE price index, a key inflation measure for the Federal Reserve, rose 0.3% in October, aligning with forecasts and raising the 12-month core inflation rate to 2.8%. This increase complicates the likelihood of a December rate cut, with market odds for a cut rising to 66.5%. Personal income and spending also saw increases, with income rising 0.6% and spending 0.4%. The S&P 500 dipped slightly following the report, reflecting investor uncertainty about the Fed's next move.
The Federal Reserve's closely monitored inflation gauge, the Personal Consumption Expenditures (PCE) price index, rose to 2.3% year-over-year in October, aligning with expectations. Core PCE, excluding food and energy, increased to 2.8%. Personal income surged by 0.6%, surpassing forecasts, while personal spending slightly slowed but still exceeded expectations. Despite these inflationary signals, market expectations for a December interest rate cut remain unchanged. The U.S. dollar index fell, and stock markets showed little movement ahead of the Thanksgiving holiday.
In October 2024, U.S. personal income rose by $147.4 billion (0.6%), while disposable personal income increased by $144.1 billion (0.7%). Personal consumption expenditures (PCE) grew by $72.3 billion (0.4%). The PCE price index rose 0.2%, with a 0.3% increase excluding food and energy. Real disposable income and real PCE saw modest gains of 0.4% and 0.1%, respectively. The increase in income was driven by higher compensation and asset income, while PCE growth was led by services, particularly healthcare and housing. The personal saving rate was 4.4%.