Personal Income Increased for Sixth Consecutive Month

Personal income increased 0.2% ($39.3 billion) in August according to the Bureau of Economic Analysis, down from a 0.4% increase in July. Personal consumption expenditures also increased, rising less than 0.1% or $6.2 billion. Real disposable personal income – personal income less personal taxes – increased 0.1% after rising 0.3% in July.

The personal savings rate – personal savings as a percentage of personal income – was 5.7%, up from the July rate of 5.6%.

The Price index for PCE increased 0.1%. Excluding food and energy, the index increased 0.2%.

Read the BEA release.

About Tim Nicholson

Tim Nicholson
Tim Nicholson is an economic research associate at ABA.
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