The BEA Wire | BEA's Official Blog
Personal Income and Outlays, August 2022 and Annual Update
Personal income increased $71.6 billion, or 0.3 percent at a monthly rate, while consumer spending increased $67.5 billion, or 0.4 percent, in August. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.5 percent in August, the same rate as in July.
Personal Income and Outlays, July 2022
Personal income increased $47.0 billion, or 0.2 percent at a monthly rate, while consumer spending increased $23.7 billion, or 0.1 percent, in July. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.0 percent in July, the same rate as in June.
Personal Income and Outlays, June 2022
Personal income increased $133.5 billion, or 0.6 percent at a monthly rate, while consumer spending increased $181.1 billion, or 1.1 percent, in June. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.1 percent in June, compared with 5.5 percent in May.
National, Industry, and State Annual Updates Coming Sept. 29-30
This year for the first time, BEA will produce and publish in tandem annual updates of national, industry, and state statistics. The updates on Sept. 29 and 30 will cover gross domestic product and many related statistics, including national and state personal income, for 2021 and earlier years.
Personal Income and Outlays, May 2022
Personal income increased $113.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased $32.7 billion, or 0.2 percent, in May. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.4 percent in May, compared with 5.2 percent in April.
Personal Income by State, 1st Quarter 2022
State personal income increased 4.8 percent at an annual rate in the first quarter of 2022 after increasing 3.6 percent in the fourth quarter of 2021. The percent change in personal income across all states ranged from 8.5 percent in South Dakota to 1.3 percent in Hawaii.
Personal Income and Outlays, April 2022
Personal income increased $89.3 billion, or 0.4 percent at a monthly rate, while consumer spending increased $152.3 billion, or 0.9 percent, in April. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 4.4 percent in April, compared with 5.0 percent in March.
Personal Income and Outlays, March 2022
Personal income increased $107.2 billion, or 0.5 percent at a monthly rate, while consumer spending increased $185.0 billion, or 1.1 percent, in March. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.2 percent in March, compared with 6.8 percent in February.
Personal Income and Outlays, February 2022
Personal income increased $101.5 billion, or 0.5 percent at a monthly rate, while consumer spending increased $34.9 billion, or 0.2 percent, in February. The increase in personal income primarily reflected an increase in compensation of employees that was partly offset by a decrease in government social benefits. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.3 percent in February,…
Personal Income by State, 2021 (Preliminary)
State personal income increased 7.4 percent in 2021 after increasing 6.6 percent in 2020. In 2021, increases in earnings, transfer receipts, and property income (dividends, interest, and rent) contributed to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 9.6 percent in Idaho to 4.5 percent in Vermont.
Personal Income and Outlays, January 2022
Personal income increased $9.0 billion, or less than 0.1 percent at a monthly rate, while consumer spending increased $337.2 billion, or 2.1 percent, in January. The increase in personal income primarily reflected an increase in compensation of employees that was partly offset by a decrease in government social benefits. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.4 percent in…
Reposted: Personal Income by State, 3rd Quarter 2021
Note: Reposted Feb. 3, 2022, to correct state personal income statistics for the third quarter of 2021 back to the first quarter of 2016 due to a data processing error involving industry wage estimates. For more information, see the technical note.