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