Income & Saving

Personal income decreased less than $0.1 billion (less than 0.1 percent at a monthly rate) in April, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—decreased $19.9 billion (0.1 percent), and personal consumption expenditures (PCE) increased $111.1 billion (0.5 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $114.0 billion in April. Personal saving was $611.7 billion in April, and the personal saving rate—personal saving as a percentage of DPI—was 2.6 percent.