Personal Income and Outlays: May 2020

May 2020:
-4.2 percent (personal income)
April 2020:
10.8 percent (personal income)

Personal income decreased 4.2 percent while consumer spending increased 8.2 percent in May, according to estimates released today by the Bureau of Economic Analysis.

  • Current release: June 26, 2020
  • Next release: July 31, 2020

What is Personal Income?

Income that people get from wages and salaries, Social Security and other government benefits, dividends and interest, business ownership, and other sources. These statistics can offer clues to Americans' financial health and future consumer spending.

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