Personal Income and Outlays, January 2023
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January 2023
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+0.6%
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December 2022
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+0.3%
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Personal income increased $131.1 billion, or 0.6 percent at a monthly rate, while consumer spending increased $312.5 billion, or 1.8 percent, in January. The increase in personal income primarily reflected an increase in compensation. Government social benefits decreased in January, reflecting a decrease in “other” benefits that was partly offset by an increase in Social Security. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 4.7 percent in January, compared with 4.5 percent in December.
- Current release: February 24, 2023
- Next release: March 31, 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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MediaConnie O'Connell