U.S. Bureau of Economic Analysis

Personal income increased 0.2 percent in March after increasing 1.1 percent in February. Wages and salaries, the largest component of personal income, increased 0.2 percent in March after increasing 0.7 percent in February. Wages for services industries’ slowed, while wages for goods industries turned down slightly.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.2 percent in March after increasing 1.1 percent in February.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in March after increasing 0.7 percent in February.

Real consumer spending, spending adjusted for price changes, increased 0.3 percent in March, the same increase as in February. Purchases of durable goods turned down slightly.

PCE prices decreased 0.1 percent in March after increasing 0.4 percent in February. Excluding food and energy, the PCE price index remained flat in March after increasing 0.1 percent in February.

Personal saving rate
Personal saving as a percent of DPI was 2.7 percent in March, the same as in February.

To learn more about personal income and outlays, read the full report.

Personal income increased 1.1 percent in February after decreasing 3.7 percent in January. The January decrease reflected accelerated bonus payments and dividend distributions in December in anticipation of income tax changes.

Current-dollar disposable personal income (DPI), after-tax income, increased 1.1 percent in February after decreasing 4.0 percent in January. The expiration of a temporary reduction in payroll taxes boosted employee contributions for government social insurance in January. Excluding all special factors, DPI rose 0.4 percent in February after increasing 0.1 percent in January.

Real DPI, income adjusted for taxes and inflation, increased 0.7 percent in February after decreasing 4.0 percent in January.

Real consumer spending, spending adjusted for price changes, increased 0.3 percent in February, the same increase as in January.

PCE prices increased 0.4 percent in February after remaining flat in January.

Personal saving rate
Personal saving as a percent of DPI was 2.6 percent in February, compared with 2.2 percent in January.

To learn more about personal income and outlays, read the full report.

Personal income decreased 3.6 percent in January after increasing 2.6 percent in December, reflecting accelerated bonus payments and dividend distributions in December in anticipation of income tax rate changes.

Current-dollar disposable personal income (DPI), after-tax income, decreased 4.0 percent in January after increasing 2.7 percent in December. A “payroll tax holiday” expired, boosting employee contributions for government social insurance. Excluding all special factors, DPI rose 0.3 percent in January, the same increase as in December.

Real DPI, income adjusted for taxes and inflation, decreased 4.0 percent in January after increasing 2.7 percent in December.

Real consumer spending, spending adjusted for price changes, increased 0.1 percent in January, the same increase as in December.

PCE prices remained flat in January, the same as in December. Excluding food and energy, the PCE price index rose 0.1 percent in January after remaining flat in December.

Personal saving rate
Personal saving as a percent of DPI was 2.4 percent in January, compared with 6.4 percent in December.

To learn more about personal income and outlays, read the full report.

Personal income increased 2.6 percent in December after increasing 1.0 percent in November. Accelerated bonus payments of $30 billion (at an annual rate) in December and $15 billion in November boosted wages and salaries. Accelerated dividend payments of $291.0 billion in December and $25.8 billion in November, made in anticipation of tax law changes, boosted personal dividend income.

Current-dollar disposable personal income (DPI), after-tax income, increased 2.7 percent in December after increasing 1.0 percent in November.

Real DPI, income adjusted for taxes and inflation, grew 2.8 percent in December after increasing 1.3 percent in November.

Real consumer spending, spending adjusted for price changes, increased 0.2 percent in December after increasing 0.6 percent in November.

PCE prices remained flat in December after decreasing 0.2 percent in November.

Personal saving rate
Personal saving as a percent of DPI was 6.5 percent in December, the highest rate since May 2009.

To learn more about personal income and outlays, read the full report.