Personal income increased $47.7 billion, or 0.3 percent, and disposable personal income (DPI) increased $42.3 billion,
or 0.3 percent, in February, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE)
increased $30.8 billion, or 0.3 percent.  In January, personal income increased $41.3 billion, or 0.3 percent, DPI
increased $40.3 billion, or 0.3 percent, and PCE increased $20.0 billion, or 0.2 percent, based on revised estimates.

Real DPI increased 0.3 percent in February, compared with an increase of 0.2 percent in January.  Real PCE
increased 0.2 percent in February, compared with an increase of 0.1 percent in January.

                                        2013                                            2014
                                        Oct.            Nov.            Dec.            Jan.            Feb.
                                                       (Percent change from preceding month)
Personal income, current dollars       -0.1             0.3            -0.1             0.3             0.3
Disposable personal income:
 Current dollars                       -0.2             0.2            -0.1             0.3             0.3
 Chained (2009) dollars                -0.2             0.1            -0.3             0.2             0.3
Personal consumption expenditures:
 Current dollars                        0.3             0.6             0.1             0.2             0.3
 Chained (2009) dollars                 0.3             0.5            -0.1             0.1             0.2

FOOTNOTE.________
Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Month-to-month
dollar changes are differences between these published estimates.  Month-to-month percent changes are calculated from
unrounded data and are not annualized.  Real estimates are in chained (2009) dollars.

This news release is available on BEA's Web site at www.bea.gov/newsreleases/rels.htm.
_________________

                                Wages and salaries

Private wages and salaries increased $13.0 billion in February, compared with an increase of $17.2 billion in January.
Goods producing industries' payrolls increased $5.2 billion in February and were unchanged in January; manufacturing
payrolls decreased $0.3 billion in February, compared with a decrease of $2.8 billion in January.  Services-producing
industries' payrolls increased $7.8 billion, compared with an increase of $17.3 billion.  Government wages and
salaries increased $2.0 billion, compared with an increase of $1.2 billion.

                                Other personal income

Supplements to wages and salaries increased $2.9 billion in February, compared with an increase of $4.9 billion in January.

Proprietors' income increased $7.7 billion in February, compared with an increase of $8.0 billion in January.  Farm proprietors'
income increased $2.0 billion in February, compared with an increase $2.1 billion in January.  Nonfarm proprietors'
income increased $5.6 billion in February, compared with an increase of $5.9 billion in January.

Rental income of persons increased $3.1 billion in February, compared with an increase of $2.7 billion in January.
Personal income receipts on assets (personal interest income plus personal dividend income) increased $2.5 billion, in contrast
to a decrease of $13.1 billion.

Personal current transfer receipts increased $18.6 billion in February, compared with an increase of $29.9 billion in January.
Medicaid benefits increased $11.4 billion in February and $19.3 billion in January,  primarily due to expanded coverage under the
Affordable Care Act (ACA).  For additional information, see the FAQ “How will the Affordable Care Act affect BEA’s measure of
personal income and outlays?” at www.bea.gov.  These increases in current transfer receipts were partly offset by the impact
of the expiration of the Emergency Unemployment Compensation program that reduced unemployment benefit payments $2.5 billion
in February and $16.7 billion in January.

Contributions for government social insurance -- a subtraction in calculating personal income -- increased $2.0 billion in February,
compared with an increase of $9.6 billion in January.   The January estimate reflected increases in both employer and employee
contributions for government social insurance.  The January estimate of employee contributions for government social insurance
was boosted $5.2 billion by increases in the social security taxable wage base (from $113,700 to $117,000), in the monthly premiums
paid by participants in the supplementary medical insurance programs and other hospital insurance, and in contributions by the self-employed.
The January estimate of employer contributions was boosted $1.7 billion by the increase in the social security taxable wage base.
The total contribution of these factors to the January change in contributions for government social insurance was $6.9 billion.

                                Personal current taxes and disposable personal income

Personal current taxes increased $5.3 billion in February, compared with an increase of $1.2 billion in January.  Disposable personal
income (DPI) -- personal income less personal current taxes -- increased $42.3 billion, or 0.3 percent, in February, compared with an
increase of $40.3 billion, or 0.3 percent, in January.

                                Personal outlays and savings

Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased $33.8 billion in February,
compared with an increase of $23.1 billion in January.  PCE increased $30.8 billion in February, compared with an increase
of $20.0 billion in January.

Personal saving -- DPI less personal outlays -- was $544.5 billion in February, compared with $535.9 billion in January.   The personal
saving rate -- personal saving as a percentage of disposable personal income -- was 4.3 percent in February, compared with 4.2 percent
in January.  For a comparison of personal saving in BEA's national income and product accounts with personal saving in the Federal Reserve
Board's financial accounts of the United States and data on changes in net worth, go to www.bea.gov/national/nipaweb/nipa-frb.asp.

                                Real DPI, real PCE, and price index

Real DPI -- DPI adjusted to remove price changes -- increased 0.3 percent in February, compared with an increase of 0.2 percent in January.

Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in February, compared with an increase of 0.1 percent in January.
Purchases of durable goods increased 0.1 percent, in contrast to a decrease of 0.4 percent.  Purchases of nondurable goods increased 0.3 percent,
in contrast to a decrease of 0.9 percent.  Purchases of services increased 0.2 percent, compared with an increase of 0.5 percent.
An increase in health care services reflects an additional $13.0 billion in February and $20.0 billion in January for the estimated effect
of the ACA on demand for these services.  The preliminary monthly source data used to estimate health care services do not reflect the
effects of the ACA.  Information on Medicaid benefits and on ACA insurance exchange enrollments, as well as other related information
was used to prepare the estimates of consumer spending on these services.

The price index for PCE increased 0.1 percent in February, the same increase as in January.  The PCE price index, excluding food and

energy, increased 0.1 percent in February, the same increase as in January.

                                2013 Personal Income and Outlays

Personal income increased 2.8 percent in 2013 (that is, from the 2012 annual level to the 2013 annual level), compared with an increase
of 4.2 percent in 2012.  DPI increased 1.9 percent, compared with an increase of 3.9 percent.  PCE increased 3.2 percent, compared with
an increase of 4.1 percent.

Real DPI increased 0.7 percent in 2013, compared with an increase of 2.0 percent in 2012.  Real PCE increased 2.0 percent, compared
with an increase of 2.2 percent.

                                Revisions

Estimates have been revised for October 2013 through January 2014.  Changes in personal income, in current-dollar and chained (2009) dollar DPI,
and in current-dollar and chained (2009) dollar PCE for December and January -- revised and as published in last month's release -- are shown below.

                                                                Change from preceding month
                                        December                                  January
                                        Previous   Revised   Previous   Revised   Previous   Revised   Previous   Revised
                                       (Billions of dollars)      (Percent)      (Billions of dollars)      (Percent)
Personal income:
 Current dollars                            -5.5      -9.9        0.0      -0.1       43.9      41.3        0.3       0.3
Disposable personal income:
 Current dollars                            -9.7     -13.2       -0.1      -0.1       45.2      40.3        0.4       0.3
 Chained (2009) dollars                    -28.6     -32.0       -0.2      -0.3       29.9      24.4        0.3       0.2
Personal consumption expenditures:
 Current dollars                             6.5       9.8        0.1       0.1       48.1      20.0        0.4       0.2
 Chained (2009) dollars                    -12.1      -9.2       -0.1      -0.1       33.5       6.7        0.3       0.1

BEA's national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available
without charge on BEA's Web site at www.bea.gov.  By visiting the site, you can also subscribe to free e-mail summaries of BEA
releases and announcements.

                                *       *       *

Next release - May 1, 2014 at 8:30 A.M. EDT for Personal Income and Outlays for March