Personal income rose 0.5 percent in September, the same as in August. Wages and salaries, the largest component of personal income, rose 0.4 percent after rising 0.5 percent. Farm proprietors’ income was boosted in September, reflecting the settlement of a class-action discrimination lawsuit against the U. S. Department of Agriculture.
Current-dollar disposable personal income (DPI), after-tax income, rose 0.5 percent in September.
Real DPI, income adjusted for taxes and inflation, rose 0.4 percent in September.
Real consumer spending, spending adjusted for price changes, increased 0.1 percent in September after increasing 0.2 percent in August. Spending on durable goods turned down.
Personal saving rate
Personal saving as a percent of DPI was 4.9 percent in September and 4.7 percent in August.
To learn more about personal income and outlays, read the full report.