Personal Income and Outlays, May 2023
May 2023
|
+0.4%
|
April 2023
|
+0.3%
|
Personal income increased $91.2 billion (0.4 percent at a monthly rate) in May. Disposable personal income (DPI)—personal income less personal current taxes— increased $86.7 billion (0.4 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $22.7 billion (0.1 percent) and consumer spending increased $18.9 billion (0.1 percent). Personal saving was $910.3 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.6 percent in May.
- Current release: June 30, 2023
- Next release: July 28, 2023