personal income

Personal Income

Out of this quarter's GDP report are some updates on personal income, disposable personal income, the personal savings rate and taxes.

Recall real personal income means it has been adjusted for inflation. Below is this quarter's data along with graphs.

Personal Income drops 1.3% in July

Things cost more. People have less money. This is bad.

New statistics on June 2009 personal income were released today.

Personal income decreased $159.8 billion, or 1.3 percent, and disposable personal income (DPI) decreased $143.8 billion, or 1.3 percent, in June, according to the Bureau of Economic Analysis.

Personal consumption expenditures (PCE) increased $41.4 billion, or 0.4 percent. In May, personal income increased $155.1 billion, or 1.3 percent, DPI increased $168.7 billion, or 1.6 percent, and PCE increased $9.0 billion, or 0.1 percent, based on revised estimates.

The MSM will blame the worst month-to-month drop in 4 years to Stimulus one time payments.