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United States Personal Income

United States personal income increased by 0.4% in August 2025, matching July's 0.4% rise. This growth was driven by higher compensation including private and government wages and salaries. Private wages and salaries rose by $28.7 billion, mostly from services industries. Government wages and salaries increased by $4.3 billion. Personal current transfer receipts grew by 0.6% in August, influenced by Medicare benefits. Disposable personal income also rose by 0.4%. Personal consumption expenditures increased by 0.6%. The personal saving rate was 4.6% in August. United States' record low personal income was -12.9% in April 2021 and record high was 20.8% in March 2021.

Monthly Historical Data (2015-2025)

(in %)
Month Personal Income
Aug 2025 0.4%
Jul 2025 0.4%
Jun 2025 0.3%
May 2025 -0.4%
Apr 2025 0.7%
Mar 2025 0.6%
Feb 2025 0.7%
Jan 2025 0.5%
Dec 2024 0.4%
Nov 2024 0.3%
Oct 2024 0.7%
Sep 2024 0.3%
Aug 2024 0.1%
Jul 2024 0.2%
Jun 2024 0.2%
May 2024 0.3%
Apr 2024 0.1%
Mar 2024 0.6%
Feb 2024 0.4%
Jan 2024 1.4%
Dec 2023 0.4%
Nov 2023 0.4%
Oct 2023 0.3%
Sep 2023 0.4%
Aug 2023 0.4%
Jul 2023 0.2%
Jun 2023 0.3%
May 2023 0.5%
Apr 2023 0.4%
Mar 2023 0.5%
Feb 2023 0.6%
Jan 2023 0.6%
Dec 2022 0.4%
Nov 2022 0.3%
Oct 2022 0.7%
Sep 2022 0.6%
Aug 2022 0.6%
Jul 2022 0.9%
Jun 2022 0.5%
May 2022 0.4%
Apr 2022 0.4%
Mar 2022 0.5%
Feb 2022 0.7%
Jan 2022 0%
Dec 2021 0.3%
Nov 2021 0.5%
Oct 2021 0.8%
Sep 2021 -0.6%
Aug 2021 0.2%
Jul 2021 1.1%
Jun 2021 0.2%
May 2021 -1.9%
Apr 2021 -12.9%
Mar 2021 20.8%
Feb 2021 -7%
Jan 2021 10.3%
Dec 2020 0.8%
Nov 2020 -0.8%
Oct 2020 0%
Sep 2020 0.8%
Aug 2020 -3%
Jul 2020 1.3%
Jun 2020 0.2%
May 2020 -4.2%
Apr 2020 11.7%
Mar 2020 -1.7%
Feb 2020 0.6%
Jan 2020 1.2%
Dec 2019 -0.2%
Nov 2019 0.4%
Oct 2019 0.4%
Sep 2019 0.2%
Aug 2019 0.5%
Jul 2019 0.1%
Jun 2019 0.2%
May 2019 0.1%
Apr 2019 0.2%
Mar 2019 0.4%
Feb 2019 0.4%
Jan 2019 0.4%
Dec 2018 1.2%
Nov 2018 0.3%
Oct 2018 0.3%
Sep 2018 0.2%
Aug 2018 0.4%
Jul 2018 0.6%
Jun 2018 0.5%
May 2018 0.4%
Apr 2018 0.4%
Mar 2018 0.4%
Feb 2018 0.4%
Jan 2018 0.5%
Dec 2017 0.4%
Nov 2017 0.4%
Oct 2017 0.5%
Sep 2017 0.6%
Aug 2017 0.4%
Jul 2017 0.4%
Jun 2017 0.2%
May 2017 0.6%
Apr 2017 0.4%
Mar 2017 0.3%
Feb 2017 0.4%
Jan 2017 0.7%
Dec 2016 0.5%
Nov 2016 0.3%
Oct 2016 0.4%
Sep 2016 0.4%
Aug 2016 0.3%
Jul 2016 0.4%
Jun 2016 0.3%
May 2016 0.1%
Apr 2016 0.2%
Mar 2016 0.2%
Feb 2016 0%
Jan 2016 0.2%
Dec 2015 0.3%
Nov 2015 0%
Oct 2015 0.2%
Sep 2015 0.1%
Aug 2015 0.2%

Recent Events

datetime event actual previous consensus
2025-09-26 08:30 AM Personal Income MoM (Aug) 0.4% 0.4% 0.3%
2025-08-29 08:30 AM Personal Income MoM (Jul) 0.4% 0.3% 0.4%

Next Release Date :

United States Personal Income : Definition
United States personal income is the total income received by individuals from all sources including wages, proprietors' income and transfers. The Bureau of Economic Analysis calculates this aggregate. Month-over-month personal income shows the percentage change in total personal income compared to the previous month.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -3.9% -3.3% Dec'24
Gross Federal Debt to GDP 124% 122% Dec'24
Fed Funds Rate 4.25% 4.5% Sep'25
Private Credit (% GDP) 197.9% 192.53% 2024