Personal Income and Outlays, July 2023
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July 2023
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+0.2%
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June 2023
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+0.3%
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Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July. Disposable personal income (DPI)—personal income less personal current taxes— increased $7.3 billion (less than 0.1 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $153.8 billion (0.8 percent) and consumer spending increased $144.6 billion (0.8 percent). Personal saving was $705.6 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.5 percent in July.
- Current release: August 31, 2023
- Next release: September 29, 2023
- Data Archive Previously published estimates contain historical data and have since been revised.
- News Release Archive
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.
Contact Personnel
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Personal IncomeLisa Mataloni
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PCE GoodsKyle Brown
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PCE ServicesJeff Barnett
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Media (BEA)Connie O'Connell