|
Incomes rose 0.3 % in September spending ebbs
Personal Income and Its Disposition Report U.S. Economy
Americans cut back on spending in September and increased their savings, another sign that the U.S. economy has cooled off, government data showed.
Personal income inched up 0.3 % in September at the annualized rate of $18.84 trillion on the seasonally adjusted basis, reported by the Commerce Department.
Yet spending has barely changed over the past month, indicating consumers have grown more cautious and they are trying to rebuild their savings. Businesses, for their part, have less reason to hire and boost production if consumer demand slackens. And without more hiring, consumer spending is likely to remain subdued.
Meanwhile, disposable income advanced by 0.3 %, as well, lifting average American income to $50,444 at the annualized rate. |
|
You need to upgrade your
Flash Player
|
Private
industries |
Goods-producing
industries |
Services |
Government |
|
0.64% |
6.22% |
0.28% |
6.64% |
0.72% |
6.12% |
0.50% |
4.86% |
M/M |
Y/Y |
M/M |
Y/Y |
M/M |
Y/Y |
M/M |
Y/Y |
|
Personal consumption expenditures remained unchanged. Consumer spending drives economic expansion, but individuals tend to save more when times are uncertain and their wages are growing slowly. The personal savings rate was 8.3 % from 7.7 % in August, despite constantly declining interest income.
A slower pace of consumer spending is one reason that economists are cutting estimates for gross domestic product growth.
, the contributions for employee pension and insurance benefits grew notably in September.
Higher government payments for social programs such as Medicaid and unemployment compensation, lifted September's personal income.
|
| |
Compensation |
|
|
Compensation |
|
|
Compensation of employees
Compensation of employees
grew by 0.62 % from Aug. 2019 and
advanced by 5.91 % from Sep. 2018, while wage & salary disbursements
rose by 0.61 % sequentially and
grew by 6.00 % from same month year ago, now representing 81.47
% of total compensation of employees. |
|
|
Supplements to Wages
Supplements to wages & salaries now representing 18.53
% of total compensation of employees with an
increase of 0.63 % from Aug. 2019 and an
increase by 5.48 % from Sep. 2018.
|
| Compensation |
Compensation of employees
Compensation of employees
grew by 0.62 % from Aug. 2019 and
advanced by 5.91 % from Sep. 2018, while wage & salary disbursements
rose by 0.61 % sequentially and
grew by 6.00 % from same month year ago, now representing 81.47
% of total compensation of employees. |
| Compensation |
Supplements to Wages
Supplements to wages & salaries now representing 18.53
% of total compensation of employees with an
increase of 0.63 % from Aug. 2019 and an
increase by 5.48 % from Sep. 2018. |
| |
|
Wage
& salary disbursements |
| Wages
& Salaries from private industries
rose by
0.64 % sequentially and
grew by
6.22 % from same month year ago, now representing 84.52
% of total wage & salary disbursements, while
Wages & Salaries from government
grew by
0.50 % from Aug. 2019 and
increased by
4.86 % from Sep. 2018, now representing
15.48
% of total wage & salary disbursements. |
|
|
Personal Income Receipts On Assets |
|
|
Capital Consumption |
|
|
|
Interest & Other
Personal interest income
fell by
-0.21 % sequentially while Personal dividend income
grew by
1.09 % from Aug. 2019. Compare to same quarter
a year ago, personal interest income
went up by
6.91 % and personal dividend income
grew by
11.32 %.
Personal interest payments excluding mortgage interests
fell by
-2.09 % sequentially and
advanced by
4.31 % from same month year ago. |
|
|
Proprietors Income & Capital Consumption
Proprietors Income
advanced by
2.95 % sequentially and
grew by
7.72 % from same month year ago, now representing 9.01
% of total personal income.
Rental Income with capital consumption adjustment fell by
-0.75 % from Aug. 2019 and
increased by
0.94 % from same month year ago.
|
| Personal Income Receipts On Assets |
Interest & Other
Personal interest income
fell by
-0.21 % sequentially while Personal dividend income
grew by
1.09 % from Aug. 2019. Compare to same quarter
a year ago, personal interest income
went up by
6.91 % and personal dividend income
grew by
11.32 %.
Personal interest payments excluding mortgage interests
fell by
-2.09 % sequentially and
advanced by
4.31 % from same month year ago. |
| Capital Consumption |
| Proprietors Income & Capital Consumption
Proprietors Income
advanced by
2.95 % sequentially and
grew by
7.72 % from same month year ago, now representing 9.01
% of total personal income.
Rental Income with capital consumption adjustment fell by
-0.75 % from Aug. 2019 and
increased by
0.94 % from same month year ago. |
Personal
Income & Its Disposition
(Monthly at Annual rates,
in Billions $) |
|
Sep. 2019
adv. |
Aug. 2019
adv. |
July 2019
adv. |
June 2019
adv. |
May 2019
adv. |
April 2019
adv. |
| Personal income |
|
18,835.1 |
18,703.4 |
18,679.5 |
18,675.9 |
18,183.5 |
18,099.1 |
|
Compensation of employees, received |
|
11,575.0 |
11,503.9 |
11,478.2 |
11,480.7 |
11,149.2 |
11,136.8 |
| Wage
& salary disbursements |
|
9,430.6 |
9,373.0 |
9,353.7 |
9,355.8 |
9,079.1 |
9,070.2 |
| Private
industries |
|
7,971.1 |
7,920.8 |
7,905.3 |
7,907.0 |
7,668.3 |
7,659.6 |
| Goods-producing
industries |
|
1,558.9 |
1,554.5 |
1,554.3 |
1,553.9 |
1,502.1 |
1,497.4 |
|
Manufacturing |
|
920.7 |
917.0 |
918.5 |
918.7 |
894.4 |
891.7 |
|
Services-producing industries |
|
6,412.2 |
6,366.2 |
6,351.0 |
6,353.1 |
6,166.2 |
6,162.3 |
|
Trade, transportation, & utilities |
|
1,422.9 |
1,412.9 |
1,412.3 |
1,413.9 |
1,395.5 |
1,396.0 |
|
Other services-producing industries |
|
4,989.3 |
4,953.3 |
4,938.6 |
4,939.2 |
4,770.8 |
4,766.2 |
| Government |
|
1,459.5 |
1,452.2 |
1,448.4 |
1,448.8 |
1,410.8 |
1,410.6 |
|
Supplements to wages & salaries |
|
2,144.3 |
2,130.9 |
2,124.5 |
2,124.9 |
2,070.1 |
2,066.6 |
| Employer
contr. for employee pension & insur. |
|
1,485.7 |
1,475.7 |
1,470.4 |
1,470.6 |
1,423.0 |
1,420.0 |
| Employer
contr. for govt. social insurance |
|
658.6 |
655.2 |
654.1 |
654.3 |
647.1 |
646.6 |
|
Proprietors Income with invent. valu. |
|
1,697.3 |
1,648.6 |
1,640.4 |
1,639.5 |
1,612.3 |
1,596.0 |
| Farm |
|
57.2 |
22.1 |
22.7 |
20.5 |
28.6 |
25.3 |
| Nonfarm |
|
1,640.1 |
1,626.6 |
1,617.6 |
1,619.0 |
1,583.7 |
1,570.7 |
|
Rental Inc. with capital consumption adj. |
|
781.0 |
786.9 |
783.4 |
782.2 |
789.8 |
793.3 |
|
Personal income receipts on assets |
|
3,013.7 |
3,003.4 |
3,027.4 |
3,032.8 |
2,851.2 |
2,801.8 |
| Personal interest
income |
|
1,726.4 |
1,730.0 |
1,762.0 |
1,768.1 |
1,666.9 |
1,625.7 |
| Personal dividend
income |
|
1,287.3 |
1,273.4 |
1,265.3 |
1,264.6 |
1,184.3 |
1,176.1 |
|
Personal current transfer receipts |
|
3,205.6 |
3,190.4 |
3,177.3 |
3,168.1 |
3,184.6 |
3,173.5 |
|
Government social benefits to persons |
|
3,150.9 |
3,135.8 |
3,122.8 |
3,113.7 |
3,120.7 |
3,109.9 |
| Old-age,
disability, & health insurance benefits |
|
1,040.3 |
1,035.0 |
1,032.8 |
1,032.9 |
1,030.3 |
1,028.1 |
| Government
unemployment insurance benefits |
|
814.9 |
804.8 |
799.4 |
799.4 |
802.5 |
796.8 |
| Other |
|
645.0 |
647.9 |
640.5 |
631.4 |
635.9 |
631.3 |
|
Other current transfers, from business |
|
25.5 |
25.9 |
26.2 |
26.2 |
24.3 |
24.1 |
|
Contributions for govt. social insurance |
|
-1,437.5 |
-1,429.7 |
-1,427.1 |
-1,427.4 |
-1,403.5 |
-1,402.2 |
| Personal current taxes |
|
-2,194.3 |
-2,205.0 |
-2,225.5 |
-2,221.4 |
-2,154.7 |
-2,140.6 |
| Disposable personal
income |
|
16,640.7 |
16,498.4 |
16,454.0 |
16,454.5 |
16,028.8 |
15,958.6 |
| Personal outlays |
|
-15,256.8 |
-15,229.2 |
-15,132.8 |
-15,118.5 |
-15,043.4 |
-14,968.3 |
|
Personal consumption expenditures |
|
14,696.2 |
14,661.1 |
14,568.0 |
14,549.6 |
14,468.4 |
14,393.4 |
| Goods |
|
4,561.0 |
4,571.1 |
4,529.2 |
4,521.2 |
4,485.2 |
4,428.7 |
| Durable
goods |
|
1,553.6 |
1,545.7 |
1,535.9 |
1,536.0 |
1,515.4 |
1,472.0 |
| Nondurable
goods |
|
3,007.4 |
3,025.4 |
2,993.3 |
2,985.1 |
2,969.7 |
2,956.7 |
| Services |
|
10,135.1 |
10,090.0 |
10,038.7 |
10,028.5 |
9,983.3 |
9,964.7 |
|
Personal interest payments |
|
360.3 |
368.0 |
364.9 |
368.7 |
368.1 |
367.9 |
|
Personal current transfer payments |
|
200.3 |
200.1 |
199.9 |
200.2 |
206.9 |
207.0 |
| To government |
|
109.3 |
108.9 |
108.8 |
108.8 |
115.3 |
115.1 |
| To the rest
of the world |
|
91.0 |
91.1 |
91.1 |
91.4 |
91.7 |
91.9 |
| Personal saving |
|
1,384.0 |
1,269.2 |
1,321.2 |
1,336.0 |
985.4 |
990.3 |
| Personal saving as
a percentage of disposable personal income % |
|
8.30 % |
7.70 % |
8.00 % |
8.10 % |
6.10 % |
6.20 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
14,216.5 |
14,122.9 |
14,142.6 |
14,144.0 |
13,670.1 |
13,631.8 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
50,444 |
50,072 |
49,966 |
49,967 |
48,701 |
48,511 |
| Chained ($) dollars Y 2000 |
|
45,884 |
45,585 |
45,584 |
45,573 |
44,386 |
44,306 |
| Population (midperiod,
millions) |
|
329.88 |
329.49 |
329.30 |
329.30 |
329.13 |
328.97 |
Percentage Change in Personal Income & Its Disposition
(month on month seasonally adj. at annual rates, in %) |
Sep. 2019
rest. |
Aug. 2019
rest. |
July 2019
rest. |
June 2019
rest. |
May 2019
rest. |
April 2019
rest. |
| Personal income |
0.3 % |
0.1 % |
0.5 % |
0.4 % |
0.5 % |
0.5 % |
| Compensation of employees,
received |
0.1 % |
0.2 % |
0.5 % |
0.5 % |
0.2 % |
0.3 % |
| Wage & salary disbursements |
- % |
0.2 % |
0.5 % |
0.5 % |
0.2 % |
0.3 % |
| Supplements to wages &
salaries |
0.2 % |
0.3 % |
0.4 % |
0.4 % |
0.2 % |
0.3 % |
| Proprietors' Income |
0.4 % |
0.5 % |
0.3 % |
0.4 % |
0.8 % |
- % |
| Rental Income
of Persons |
- % |
0.5 % |
0.6 % |
0.6 % |
0.2 % |
0.2 % |
| Personal income receipts
on assets |
0.9 % |
-0.8 % |
0.2 % |
0.3 % |
1.6 % |
1.6 % |
| Personal interest income |
1.1 % |
-1.8 % |
0.4 % |
0.5 % |
2.3 % |
2.3 % |
| Personal dividend income |
0.5 % |
0.6 % |
- % |
- % |
0.5 % |
0.7 % |
| Personal current
transfer receipts |
0.3 % |
0.4 % |
0.6 % |
0.4 % |
0.4 % |
0.6 % |
| Less:
Contributions for social insurance |
- % |
0.2 % |
0.4 % |
0.5 % |
0.2 % |
0.3 % |
| Less: Personal
current taxes |
-0.3 % |
-0.9 % |
0.6 % |
0.6 % |
0.8 % |
1.1 % |
| Equals: Disposable personal
income |
0.3 % |
0.3 % |
0.4 % |
0.4 % |
0.5 % |
0.4 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
- % |
- % |
- % |
- % |
- % |
- % |
| Goods |
0.2 % |
0.6 % |
0.3 % |
0.3 % |
0.4 % |
0.3 % |
| Durable goods |
- % |
0.9 % |
0.3 % |
0.3 % |
0.5 % |
0.2 % |
| Nondurable goods |
0.4 % |
0.6 % |
0.4 % |
0.4 % |
1.7 % |
-0.8 % |
| Services |
-0.1 % |
1.1 % |
0.3 % |
0.2 % |
-0.1 % |
0.7 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
0.3 % |
-0.1 % |
0.3 % |
0.3 % |
0.3 % |
0.2 % |
Personal
Income & Its Disposition
(Quarterly,
in Billions $) |
|
III Q. 2019
adv. |
II Q. 2019
adv. |
I Q. 2019
adv. |
II Q. 2019
adv. |
I Q. 2019
adv. |
I Q. 2019
adv. |
| Personal income |
|
18,772.4 |
18,600.8 |
17,975.9 |
18,596.8 |
17,975.9 |
17,886.3 |
|
Compensation of employees, received |
|
11,549.6 |
11,436.1 |
11,065.8 |
11,435.1 |
11,065.8 |
11,023.0 |
| Wage
& salary disbursements |
|
9,411.2 |
9,319.6 |
9,010.0 |
9,318.6 |
9,010.0 |
8,979.2 |
| Private
industries |
|
7,954.5 |
7,876.8 |
7,605.9 |
7,875.7 |
7,605.9 |
7,584.8 |
| Goods-producing
industries |
|
1,559.0 |
1,548.5 |
1,488.8 |
1,547.9 |
1,488.8 |
1,486.6 |
|
Manufacturing |
|
921.0 |
915.0 |
890.7 |
915.1 |
890.7 |
889.1 |
|
Services-producing industries |
|
6,395.5 |
6,328.4 |
6,117.1 |
6,327.9 |
6,117.1 |
6,098.2 |
|
Trade, transportation, & utilities |
|
1,420.4 |
1,408.3 |
1,387.8 |
1,409.7 |
1,387.8 |
1,378.6 |
|
Other services-producing industries |
|
4,975.1 |
4,920.1 |
4,729.3 |
4,918.2 |
4,729.3 |
4,719.6 |
| Government |
|
1,456.7 |
1,442.7 |
1,404.1 |
1,442.8 |
1,404.1 |
1,394.4 |
|
Supplements to wages & salaries |
|
2,138.4 |
2,116.5 |
2,055.7 |
2,116.6 |
2,055.7 |
2,043.8 |
| Employer
contr. for employee pension & insur. |
|
1,480.9 |
1,464.7 |
1,413.1 |
1,464.7 |
1,413.1 |
1,403.3 |
| Employer
contr. for govt. social insurance |
|
657.5 |
651.8 |
642.7 |
651.8 |
642.7 |
640.5 |
|
Proprietors Income with invent. valu. |
|
1,680.6 |
1,632.7 |
1,604.4 |
1,631.6 |
1,604.4 |
1,616.7 |
| Farm |
|
41.4 |
19.8 |
36.3 |
18.3 |
36.3 |
47.9 |
| Nonfarm |
|
1,639.2 |
1,612.9 |
1,568.1 |
1,613.3 |
1,568.1 |
1,568.9 |
|
Rental Inc. with capital consumption adj. |
|
781.0 |
778.6 |
779.1 |
777.8 |
779.1 |
768.6 |
|
Personal income receipts on assets |
|
3,001.2 |
3,016.2 |
2,783.1 |
3,019.5 |
2,783.1 |
2,833.4 |
| Personal interest
income |
|
1,719.8 |
1,750.8 |
1,614.3 |
1,754.9 |
1,614.3 |
1,645.6 |
| Personal dividend
income |
|
1,281.4 |
1,265.4 |
1,168.8 |
1,264.6 |
1,168.8 |
1,187.9 |
|
Personal current transfer receipts |
|
3,194.9 |
3,159.7 |
3,137.5 |
3,155.1 |
3,137.5 |
3,025.8 |
|
Government social benefits to persons |
|
3,140.3 |
3,105.2 |
3,074.5 |
3,100.7 |
3,074.5 |
2,963.2 |
| Old-age,
disability, & health insurance benefits |
|
1,037.5 |
1,030.5 |
1,022.7 |
1,030.5 |
1,022.7 |
989.0 |
| Government
unemployment insurance benefits |
|
25.8 |
25.9 |
25.2 |
26.0 |
25.2 |
24.1 |
| Other |
|
1,007.6 |
1,009.2 |
1,021.6 |
1,008.8 |
1,021.6 |
945.8 |
|
Other current transfers, from business |
|
54.6 |
54.4 |
63.0 |
54.4 |
63.0 |
62.6 |
|
Contributions for govt. social insurance |
|
-1,434.8 |
-1,422.4 |
-1,393.9 |
-1,422.3 |
-1,393.9 |
-1,381.2 |
| Personal current taxes |
|
-2,199.6 |
-2,210.4 |
-2,103.2 |
-2,207.4 |
-2,103.2 |
-2,071.0 |
| Disposable personal
income |
|
16,572.9 |
16,390.4 |
15,872.7 |
16,389.4 |
15,872.7 |
15,815.3 |
| Personal outlays |
|
-15,231.1 |
-15,074.2 |
-14,807.5 |
-15,065.4 |
-14,807.5 |
-14,744.1 |
|
Personal consumption expenditures |
|
14,669.3 |
14,511.3 |
14,238.6 |
14,499.7 |
14,238.6 |
14,188.4 |
| Goods |
|
4,558.8 |
4,508.8 |
4,375.9 |
4,503.8 |
4,375.9 |
4,386.6 |
| Durable
goods |
|
1,547.8 |
1,524.4 |
1,466.2 |
1,524.7 |
1,466.2 |
1,476.0 |
| Nondurable
goods |
|
3,011.0 |
2,984.4 |
2,909.7 |
2,979.1 |
2,909.7 |
2,910.6 |
| Services |
|
10,110.5 |
10,002.5 |
9,862.7 |
9,995.9 |
9,862.7 |
9,801.8 |
|
Personal interest payments |
|
361.7 |
363.2 |
362.7 |
365.7 |
362.7 |
355.4 |
|
Personal current transfer payments |
|
200.1 |
199.7 |
206.1 |
200.0 |
206.1 |
200.3 |
| To government |
|
109.1 |
108.6 |
114.5 |
108.6 |
114.5 |
113.7 |
| To the rest
of the world |
|
91.0 |
91.1 |
91.7 |
91.4 |
91.7 |
86.6 |
| Personal saving |
|
1,341.7 |
1,316.2 |
1,065.2 |
1,324.0 |
1,065.2 |
1,071.3 |
| Personal saving as
a percentage of disposable personal income % |
|
8.10 % |
8.00 % |
6.70 % |
8.10 % |
6.70 % |
6.80 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
14,169.9 |
14,102.7 |
13,611.8 |
14,101.3 |
13,611.8 |
13,649.7 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
50,268 |
49,798 |
48,293 |
49,795 |
48,293 |
48,183 |
| Chained ($) dollars Y 2000 |
|
45,726 |
45,482 |
44,301 |
45,473 |
44,301 |
44,257 |
| Population (midperiod,
millions) |
|
329.69 |
329.14 |
328.68 |
329.14 |
328.68 |
328.24 |
Quarterly Growth in Personal Income & Its Disposition
(quarter on quarter seasonally adj. at annual rates, in %) |
III Q. 2019
adv. |
II Q. 2019
adv. |
I Q. 2019
adv. |
II Q. 2019
adv. |
I Q. 2019
adv. |
I Q. 2019
adv. |
| Personal income |
3.8 % |
5.5 % |
6.1 % |
5.4 % |
6.1 % |
5.3 % |
| Compensation of employees,
received |
4 % |
4.7 % |
9.2 % |
4.7 % |
9.2 % |
4.3 % |
| Wage & salary disbursements |
4 % |
4.8 % |
10.1 % |
4.9 % |
10.1 % |
4.6 % |
| Supplements to wages &
salaries |
4.2 % |
4.2 % |
5.4 % |
4.2 % |
5.4 % |
3 % |
| Proprietors' Income |
12.2 % |
2.9 % |
-0.8 % |
2.6 % |
-0.8 % |
9.6 % |
| Rental Income
of Persons |
2 % |
6.1 % |
1.5 % |
5.7 % |
1.5 % |
0.6 % |
| Personal income receipts
on assets |
-2 % |
8.5 % |
-6.1 % |
9 % |
-6.1 % |
9.1 % |
| Personal interest income |
-6.8 % |
12.7 % |
-6.3 % |
13.7 % |
-6.3 % |
7.5 % |
| Personal dividend income |
5 % |
3.1 % |
-5.8 % |
2.8 % |
-5.8 % |
11.5 % |
| Personal current
transfer receipts |
4.7 % |
6.1 % |
15.4 % |
5.5 % |
15.4 % |
3.9 % |
| Less:
Contributions for social insurance |
3.5 % |
4.3 % |
11.7 % |
4.4 % |
11.7 % |
4.1 % |
| Less: Personal
current taxes |
-1.6 % |
10.3 % |
16.1 % |
9.8 % |
16.1 % |
1.2 % |
| Equals: Disposable personal
income |
4.5 % |
4.8 % |
4.8 % |
4.9 % |
4.8 % |
5.8 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
4.4 % |
7 % |
1.5 % |
6.7 % |
1.5 % |
4 % |
| Goods |
4.7 % |
10.5 % |
-0.2 % |
10 % |
-0.2 % |
1.4 % |
| Durable goods |
6.2 % |
10.9 % |
-0.1 % |
11 % |
-0.1 % |
2.1 % |
| Nondurable goods |
3.9 % |
10.3 % |
-0.2 % |
9.5 % |
-0.2 % |
1.1 % |
| Services |
4.3 % |
5.5 % |
2.3 % |
5.3 % |
2.3 % |
5.2 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
2.9 % |
2.5 % |
4.4 % |
2.5 % |
4.4 % |
4.3 % |
Personal
Income & Its Disposition
(Annually,
in Billions $) |
|
2018
|
2017
|
2016
|
2015
|
2014
|
2013
|
| Personal income |
|
17,819.2 |
16,830.9 |
16,011.6 |
15,458.5 |
14,728.6 |
14,133.5 |
|
Compensation of employees, received |
|
10,928.5 |
10,407.2 |
10,101.3 |
9,693.1 |
9,221.6 |
8,859.4 |
| Wage
& salary disbursements |
|
8,888.5 |
8,453.8 |
8,189.2 |
7,854.8 |
7,446.0 |
7,137.8 |
| Private
industries |
|
7,485.9 |
7,108.1 |
6,878.1 |
6,580.3 |
6,223.9 |
5,943.2 |
| Goods-producing
industries |
|
1,471.6 |
1,390.3 |
1,351.0 |
1,308.1 |
1,261.6 |
1,192.9 |
|
Manufacturing |
|
883.2 |
846.4 |
829.4 |
806.7 |
777.2 |
749.3 |
|
Services-producing industries |
|
6,014.3 |
5,717.8 |
5,527.1 |
5,272.2 |
4,962.2 |
4,750.3 |
|
Trade, transportation, & utilities |
|
1,361.0 |
1,313.5 |
1,278.4 |
1,237.1 |
1,172.1 |
1,128.7 |
|
Other services-producing industries |
|
4,653.3 |
4,404.3 |
4,248.8 |
4,035.1 |
3,790.1 |
3,621.6 |
| Government |
|
1,402.6 |
1,345.7 |
1,311.1 |
1,274.5 |
1,222.1 |
1,194.6 |
|
Supplements to wages & salaries |
|
2,040.0 |
1,953.4 |
1,912.2 |
1,838.2 |
1,775.6 |
1,721.7 |
| Employer
contr. for employee pension & insur. |
|
1,417.2 |
1,348.1 |
1,325.4 |
1,270.5 |
1,226.4 |
1,190.5 |
| Employer
contr. for govt. social insurance |
|
622.8 |
605.3 |
586.7 |
567.7 |
549.2 |
531.2 |
|
Proprietors Income with invent. valu. |
|
1,588.8 |
1,500.9 |
1,417.5 |
1,376.8 |
1,380.2 |
1,347.2 |
| Farm |
|
27.2 |
38.9 |
27.8 |
39.9 |
63.6 |
126.8 |
| Nonfarm |
|
1,561.6 |
1,462.0 |
1,389.7 |
1,336.8 |
1,316.6 |
1,220.4 |
|
Rental Inc. with capital consumption adj. |
|
756.8 |
730.2 |
704.7 |
659.6 |
640.2 |
590.3 |
|
Personal income receipts on assets |
|
2,930.1 |
2,631.6 |
2,262.9 |
2,253.8 |
2,125.3 |
1,997.6 |
| Personal interest
income |
|
1,702.7 |
1,523.0 |
1,314.5 |
1,302.7 |
1,264.7 |
1,228.3 |
| Personal dividend
income |
|
1,227.5 |
1,108.6 |
948.4 |
951.1 |
860.6 |
769.3 |
|
Personal current transfer receipts |
|
2,971.5 |
2,859.7 |
2,775.4 |
2,678.6 |
2,522.7 |
2,444.9 |
|
Government social benefits to persons |
|
2,918.3 |
2,804.0 |
2,722.1 |
2,627.2 |
2,478.5 |
2,400.3 |
| Old-age,
disability, & health insurance benefits |
|
972.4 |
926.1 |
896.5 |
871.8 |
587.8 |
592.5 |
| Government
unemployment insurance benefits |
|
27.1 |
29.1 |
30.1 |
32.2 |
36.9 |
65.9 |
| Other |
|
960.6 |
955.2 |
95.7 |
90.3 |
445.1 |
430.5 |
|
Other current transfers, from business |
|
53.2 |
55.7 |
53.3 |
51.4 |
44.2 |
44.6 |
|
Contributions for govt. social insurance |
|
-1,356.5 |
-1,298.6 |
-1,250.3 |
-1,203.5 |
-1,161.3 |
-1,106.0 |
| Personal current taxes |
|
-2,077.6 |
-2,034.6 |
-1,965.6 |
-1,938.7 |
-1,742.9 |
-1,659.3 |
| Disposable personal
income |
|
15,741.5 |
14,796.3 |
14,045.9 |
13,519.8 |
12,985.8 |
12,474.2 |
| Personal outlays |
|
-14,531.1 |
-13,809.5 |
-13,227.1 |
-12,736.2 |
-12,357.5 |
-11,912.8 |
|
Personal consumption expenditures |
|
13,998.7 |
13,321.4 |
12,757.9 |
12,283.7 |
11,930.3 |
11,499.3 |
| Goods |
|
4,364.8 |
4,156.1 |
4,098.4 |
4,012.1 |
3,968.7 |
3,888.9 |
| Durable
goods |
|
1,475.6 |
1,406.5 |
1,402.9 |
1,355.2 |
1,302.5 |
1,265.2 |
| Nondurable
goods |
|
2,889.2 |
2,749.6 |
2,695.5 |
2,656.9 |
2,666.2 |
2,623.7 |
| Services |
|
9,633.9 |
9,165.3 |
8,659.6 |
8,271.6 |
7,961.7 |
7,610.4 |
|
Personal interest payments |
|
336.7 |
293.9 |
274.9 |
263.8 |
256.8 |
248.0 |
|
Personal current transfer payments |
|
195.8 |
194.2 |
194.3 |
188.8 |
170.3 |
165.5 |
| To government |
|
106.9 |
107.3 |
108.8 |
103.3 |
94.8 |
90.4 |
| To the rest
of the world |
|
88.9 |
86.9 |
85.5 |
85.4 |
75.6 |
75.1 |
| Personal saving |
|
1,210.4 |
986.8 |
818.8 |
783.6 |
628.3 |
561.4 |
| Personal saving as
a percentage of disposable personal income % |
|
7.70 % |
6.70 % |
5.80 % |
5.80 % |
4.80 % |
4.50 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
13,729.6 |
13,171.4 |
12,685.5 |
12,343.3 |
11,222.4 |
10,904.8 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
48,075 |
45,390 |
43,433 |
42,026 |
40,686 |
39,410 |
| Chained ($) dollars Y 2000 |
|
44,455 |
42,791 |
39,226 |
38,368 |
37,407 |
36,767 |
| Population (midperiod,
millions) |
|
327.44 |
325.98 |
323.39 |
321.70 |
319.17 |
316.52 |
Annual Growth in Personal Income & Its Disposition
(year on year, in %) |
Sep. 2019
rest. |
Aug. 2019
rest. |
July 2019
rest. |
June 2019
rest. |
May 2019
rest. |
April 2019
rest. |
| Personal income |
0.3 % |
0.1 % |
0.5 % |
0.4 % |
0.5 % |
0.5 % |
| Compensation of employees,
received |
0.1 % |
0.2 % |
0.5 % |
0.5 % |
0.2 % |
0.3 % |
| Wage & salary disbursements |
- % |
0.2 % |
0.5 % |
0.5 % |
0.2 % |
0.3 % |
| Supplements to wages &
salaries |
0.2 % |
0.3 % |
0.4 % |
0.4 % |
0.2 % |
0.3 % |
| Proprietors' Income |
0.4 % |
0.5 % |
0.3 % |
0.4 % |
0.8 % |
- % |
| Rental Income
of Persons |
- % |
0.5 % |
0.6 % |
0.6 % |
0.2 % |
0.2 % |
| Personal income receipts
on assets |
0.9 % |
-0.8 % |
0.2 % |
0.3 % |
1.6 % |
1.6 % |
| Personal interest income |
1.1 % |
-1.8 % |
0.4 % |
0.5 % |
2.3 % |
2.3 % |
| Personal dividend income |
0.5 % |
0.6 % |
- % |
- % |
0.5 % |
0.7 % |
| Personal current
transfer receipts |
0.3 % |
0.4 % |
0.6 % |
0.4 % |
0.4 % |
0.6 % |
| Less:
Contributions for social insurance |
- % |
0.2 % |
0.4 % |
0.5 % |
0.2 % |
0.3 % |
| Less: Personal
current taxes |
-0.3 % |
-0.9 % |
0.6 % |
0.6 % |
0.8 % |
1.1 % |
| Equals: Disposable personal
income |
0.3 % |
0.3 % |
0.4 % |
0.4 % |
0.5 % |
0.4 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
- % |
- % |
- % |
- % |
- % |
- % |
| Goods |
0.2 % |
0.6 % |
0.3 % |
0.3 % |
0.4 % |
0.3 % |
| Durable goods |
- % |
0.9 % |
0.3 % |
0.3 % |
0.5 % |
0.2 % |
| Nondurable goods |
0.4 % |
0.6 % |
0.4 % |
0.4 % |
1.7 % |
-0.8 % |
| Services |
-0.1 % |
1.1 % |
0.3 % |
0.2 % |
-0.1 % |
0.7 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
0.3 % |
-0.1 % |
0.3 % |
0.3 % |
0.3 % |
0.2 % |
Source: Department of Commerce, Bea.gov
|
|
