Personal Income and Outlays, July 2023

July 2023
+0.2%
June 2023
+0.3%

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

Personal Income and Outlays, June 2023

June 2023
+0.3%
May 2023
+0.5%

Personal income increased $69.5 billion (0.3 percent at a monthly rate) in June. Disposable personal income (DPI)—personal income less personal current taxes— increased $67.5 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $109.4 billion (0.6 percent) and consumer spending increased $100.4 billion (0.5 percent). Personal saving was $862.4 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.3 percent in June.

  • Current release: July 28, 2023
  • Next release: August 31, 2023

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

Personal Income and Outlays, April 2023

April 2023
+0.4%
March 2023
+0.3%

Personal income increased $80.1 billion (0.4 percent at a monthly rate) in April. Disposable personal income (DPI) increased $79.4 billion (0.4 percent). Personal outlays increased $156.0 billion (0.8 percent) and consumer spending increased $151.7 billion (0.8 percent). Personal saving was $802.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.1 percent in April.

  • Current release: May 26, 2023
  • Next release: June 30, 2023

Personal Income and Outlays, March 2023

March 2023
+0.3%
February 2023
+0.3%

Personal income increased $67.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $8.2 billion, or less than 0.1 percent, in March. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.1 percent in March, compared with 4.8 percent in February.

  • Current release: April 28, 2023
  • Next release: May 26, 2023

Personal Income and Outlays, February 2023

February 2023
+0.3%
January 2023
+0.6%

Personal income increased $72.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $27.9 billion, or 0.2 percent, in February. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 4.6 percent in February, compared with 4.4 percent in January.

  • Current release: March 31, 2023
  • Next release: April 28, 2023

Personal Income and Outlays, January 2023

January 2023
+0.6%
December 2022
+0.3%

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

Personal Income and Outlays, December 2022

December 2022
+0.2%
November 2022
+0.3%

Personal income increased $49.5 billion, or 0.2 percent at a monthly rate, while consumer spending decreased $41.6 billion, or 0.2 percent, in December. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.4 percent in December, compared with 2.9 percent in November.

  • Current release: January 27, 2023
  • Next release: February 24, 2023

Personal Income and Outlays, November 2022

November 2022
+0.4%
October 2022
+0.7%

Personal income increased $80.1 billion, or 0.4 percent at a monthly rate, while consumer spending increased $19.8 billion, or 0.1 percent, in November. The increase in personal income primarily reflected increases in compensation and personal income receipts on assets. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.4 percent in November, compared with 2.2 percent in October.

  • Current release: December 23, 2022
  • Next release: January 27, 2023

Personal Income and Outlays, October 2022

October 2022
+0.7%
September 2022
+0.4%

Personal income increased $155.3 billion, or 0.7 percent at a monthly rate, while consumer spending increased $147.9 billion, or 0.8 percent, in October. The increase in personal income primarily reflected increases in compensation and personal current transfer receipts. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.3 percent in October, compared with 2.4 percent in September.

  • Current release: December 1, 2022
  • Next release: December 23, 2022