|
Consumer spending on the rise again in March
Personal Income and Its Disposition Report U.S. Economy
Personal income grew in double digits in March by 21.1 % on the seasonally adjusted basis at the annualized rate of $24.21 trillion. Meanwhile, disposable income, money left over after taxes, jumped by 23.6 %, averaging income $66,158 at the annualized rate for every American. |
Consumer spending soared by 4.2 %. The pattern of income and spending growth in March halts a recent trend. Consumers had been financing their purchases mainly by dipping into their savings. Since spending rose more than income, the individual savings in March rate fell to 27.6 % from 13.6 % of disposable income.
Spending on durable goods marked the biggest increase in March. Consumers' spending ranks as the single biggest contributor to the U.S. economy, accounting for as much as two-thirds of growth.
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|
Private
industries |
Goods-producing
industries |
Services |
Government |
|
1.21% |
3.60% |
1.47% |
0.79% |
1.15% |
4.27% |
0.94% |
-2.11% |
M/M |
Y/Y |
M/M |
Y/Y |
M/M |
Y/Y |
M/M |
Y/Y |
|
The growth in Wages has accelerated, led by highest increase in Manufacturing, salaries in Government Sector grew as well, the supplements to wages and salaries grew less than total wages, as employer boost contributions for government social insurance.
Higher government payments for social programs such as Medicaid and unemployment compensation, lifted March's personal income.
For the year 202, real disposable income (Inflation-adjusted disposable income) fell -2.7 %, despite growing personal income. Consumer spending grew as well by 3.3 % , while income grew 6.1 %, savings rate was 16.3 %.
|
| |
Compensation |
|
|
Compensation |
|
|
Compensation of employees
Compensation of employees
grew by 1.08 % from Feb. 2021 and
advanced by 2.48 % from Feb. 2020, while wage & salary disbursements
rose by 1.17 % sequentially and
grew by 2.71 % from same month year ago, now representing 81.58
% of total compensation of employees. |
|
|
Supplements to Wages
Supplements to wages & salaries now representing 18.42
% of total compensation of employees with an
increase of 0.69 % from Feb. 2021 and an
increase by 1.48 % from Feb. 2020.
|
| Compensation |
Compensation of employees
Compensation of employees
grew by 1.08 % from Feb. 2021 and
advanced by 2.48 % from Feb. 2020, while wage & salary disbursements
rose by 1.17 % sequentially and
grew by 2.71 % from same month year ago, now representing 81.58
% of total compensation of employees. |
| Compensation |
Supplements to Wages
Supplements to wages & salaries now representing 18.42
% of total compensation of employees with an
increase of 0.69 % from Feb. 2021 and an
increase by 1.48 % from Feb. 2020. |
| |
|
Wage
& salary disbursements |
| Wages
& Salaries from private industries
rose by
1.21 % sequentially and
grew by
3.60 % from same month year ago, now representing 85.10
% of total wage & salary disbursements, while
Wages & Salaries from government
grew by
0.94 % from Feb. 2021 and
decreased by
-2.11 % from Feb. 2020, now representing
14.90
% of total wage & salary disbursements. |
|
|
Personal Income Receipts On Assets |
|
|
Capital Consumption |
|
|
|
Interest & Other
Personal interest income
went up by
1.03 % sequentially while Personal dividend income
grew by
0.02 % from Feb. 2021. Compare to same quarter
a year ago, personal interest income
fell by
-3.05 % and personal dividend income
fell by
-4.04 %.
Personal interest payments excluding mortgage interests
fell by
-5.15 % sequentially and
fell by
-28.16 % from same month year ago. |
|
|
Proprietors Income & Capital Consumption
Proprietors Income
advanced by
8.86 % sequentially and
grew by
3.43 % from same month year ago, now representing 7.54
% of total personal income.
Rental Income with capital consumption adjustment grew by
0.17 % from Feb. 2021 and
increased by
3.25 % from same month year ago.
|
| Personal Income Receipts On Assets |
Interest & Other
Personal interest income
went up by
1.03 % sequentially while Personal dividend income
grew by
0.02 % from Feb. 2021. Compare to same quarter
a year ago, personal interest income
fell by
-3.05 % and personal dividend income
fell by
-4.04 %.
Personal interest payments excluding mortgage interests
fell by
-5.15 % sequentially and
fell by
-28.16 % from same month year ago. |
| Capital Consumption |
Proprietors Income & Capital Consumption
Proprietors Income
advanced by
8.86 % sequentially and
grew by
3.43 % from same month year ago, now representing 7.54
% of total personal income.
Rental Income with capital consumption adjustment grew by
0.17 % from Feb. 2021 and
increased by
3.25 % from same month year ago. |
Personal
Income & Its Disposition
(Monthly at Annual rates,
in Billions $) |
|
March 2021
adv. |
Feb. 2021
adv. |
Jan. 2021
adv. |
Dec. 2020
adv. |
Nov. 2020
adv. |
Oct. 2020
adv. |
| Personal income |
|
24,207.7 |
19,945.6 |
21,453.9 |
19,568.5 |
19,493.3 |
19,725.9 |
|
Compensation of employees, received |
|
11,977.3 |
11,849.4 |
11,854.9 |
11,851.4 |
11,784.9 |
11,728.0 |
| Wage
& salary disbursements |
|
9,771.1 |
9,658.4 |
9,667.0 |
9,674.9 |
9,622.0 |
9,576.9 |
| Private
industries |
|
8,315.6 |
8,216.5 |
8,224.8 |
8,236.1 |
8,185.8 |
8,141.2 |
| Goods-producing
industries |
|
1,571.2 |
1,548.5 |
1,544.8 |
1,577.2 |
1,569.2 |
1,555.1 |
|
Manufacturing |
|
917.1 |
899.4 |
896.2 |
958.1 |
955.2 |
946.3 |
|
Services-producing industries |
|
6,744.4 |
6,668.0 |
6,680.0 |
6,658.9 |
6,616.6 |
6,586.1 |
|
Trade, transportation, & utilities |
|
1,505.4 |
1,485.2 |
1,498.6 |
1,505.1 |
1,495.2 |
1,490.6 |
|
Other services-producing industries |
|
5,239.0 |
5,182.8 |
5,181.4 |
5,153.8 |
5,121.4 |
5,095.6 |
| Government |
|
1,455.5 |
1,441.9 |
1,442.2 |
1,438.8 |
1,436.3 |
1,435.7 |
|
Supplements to wages & salaries |
|
2,206.2 |
2,191.0 |
2,187.9 |
2,176.4 |
2,162.9 |
2,151.1 |
| Employer
contr. for employee pension & insur. |
|
1,522.6 |
1,514.1 |
1,509.4 |
1,498.5 |
1,487.9 |
1,477.1 |
| Employer
contr. for govt. social insurance |
|
683.6 |
676.9 |
678.4 |
677.9 |
675.0 |
674.0 |
|
Proprietors Income with invent. valu. |
|
1,825.9 |
1,677.3 |
1,630.7 |
1,641.8 |
1,766.5 |
1,923.7 |
| Farm |
|
67.4 |
56.5 |
55.2 |
72.2 |
82.7 |
144.6 |
| Nonfarm |
|
1,758.5 |
1,620.9 |
1,575.5 |
1,569.6 |
1,683.8 |
1,779.1 |
|
Rental Inc. with capital consumption adj. |
|
823.7 |
822.3 |
811.0 |
805.2 |
818.7 |
818.4 |
|
Personal income receipts on assets |
|
2,909.7 |
2,892.6 |
2,867.5 |
2,947.3 |
2,872.0 |
2,875.3 |
| Personal interest
income |
|
1,656.7 |
1,639.8 |
1,623.7 |
1,617.9 |
1,621.9 |
1,632.2 |
| Personal dividend
income |
|
1,253.0 |
1,252.8 |
1,243.8 |
1,329.4 |
1,250.0 |
1,243.1 |
|
Personal current transfer receipts |
|
8,175.7 |
4,193.8 |
5,780.6 |
3,801.9 |
3,723.0 |
3,847.6 |
|
Government social benefits to persons |
|
8,128.6 |
4,146.9 |
5,734.1 |
3,755.5 |
3,676.8 |
3,801.5 |
| Old-age,
disability, & health insurance benefits |
|
1,110.7 |
1,106.2 |
1,104.6 |
1,091.7 |
1,091.4 |
1,093.2 |
| Government
unemployment insurance benefits |
|
886.2 |
880.2 |
873.9 |
867.3 |
860.4 |
854.0 |
| Other |
|
687.8 |
691.5 |
698.0 |
671.9 |
666.9 |
669.2 |
|
Other current transfers, from business |
|
-47.0 |
-46.9 |
-46.6 |
-46.4 |
-46.2 |
-46.1 |
|
Contributions for govt. social insurance |
|
-1,504.5 |
-1,489.8 |
-1,490.8 |
-1,479.1 |
-1,471.8 |
-1,467.1 |
| Personal current taxes |
|
2,305.3 |
2,267.4 |
2,236.2 |
2,229.9 |
2,215.7 |
2,210.7 |
| Disposable personal
income |
|
-21,902.4 |
-17,678.2 |
-19,217.7 |
-17,338.6 |
-17,277.6 |
-17,515.2 |
| Personal outlays |
|
15,866.1 |
15,267.7 |
15,287.6 |
14,960.8 |
15,057.2 |
15,135.4 |
|
Personal consumption expenditures |
|
5,400.3 |
5,018.9 |
5,069.7 |
4,810.2 |
4,876.5 |
4,925.1 |
| Goods |
|
5.4 |
5.0 |
5.1 |
4.8 |
4.9 |
4.9 |
| Durable
goods |
|
2,010.9 |
1,820.3 |
1,860.3 |
1,725.1 |
1,757.5 |
1,788.9 |
| Nondurable
goods |
|
3,389.4 |
3,198.7 |
3,209.4 |
3,085.0 |
3,119.0 |
3,136.1 |
| Services |
|
10,001.3 |
9,771.2 |
9,747.1 |
9,683.6 |
9,690.3 |
9,715.5 |
|
Personal interest payments |
|
257.9 |
271.9 |
265.4 |
261.9 |
289.2 |
293.6 |
|
Personal current transfer payments |
|
206.7 |
205.7 |
205.5 |
205.2 |
201.1 |
201.3 |
| To government |
|
114.5 |
114.3 |
114.0 |
113.8 |
113.6 |
113.3 |
| To the rest
of the world |
|
92.2 |
91.4 |
91.4 |
91.4 |
87.6 |
87.9 |
| Personal saving |
|
6.0 |
2.4 |
3.9 |
2.4 |
2.2 |
2.4 |
| Personal saving as
a percentage of disposable personal income % |
|
27.60 % |
13.60 % |
20.50 % |
13.70 % |
12.90 % |
13.60 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
14,153.1 |
13,972.3 |
13,928.5 |
14,056.6 |
14,118.0 |
14,217.2 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
66,158 |
53,408 |
58,036 |
52,385 |
52,225 |
52,965 |
| Chained ($) dollars Y 2000 |
|
58,405 |
47,374 |
51,576 |
46,704 |
46,754 |
47,424 |
| Population (midperiod,
millions) |
|
331.06 |
331.00 |
331.13 |
330.98 |
330.83 |
330.69 |
Percentage Change in Personal Income & Its Disposition
(month on month seasonally adj. at annual rates, in %) |
March 2021
rest. |
Feb. 2021
rest. |
Jan. 2021
rest. |
Dec. 2020
rest. |
Nov. 2020
rest. |
Oct. 2020
rest. |
| Personal income |
21.1 % |
-7.1 % |
10 % |
0.6 % |
-1.1 % |
-0.7 % |
| Compensation of employees,
received |
1 % |
- % |
0.7 % |
0.5 % |
0.4 % |
0.7 % |
| Wage & salary disbursements |
1.1 % |
- % |
0.7 % |
0.5 % |
0.4 % |
0.7 % |
| Supplements to wages &
salaries |
0.6 % |
0.2 % |
0.8 % |
0.6 % |
0.5 % |
0.5 % |
| Proprietors' Income |
6.2 % |
2.3 % |
-0.5 % |
-4.5 % |
-8.5 % |
1.2 % |
| Rental Income
of Persons |
1 % |
1.3 % |
1.1 % |
-0.2 % |
0.5 % |
0.5 % |
| Personal income receipts
on assets |
0.3 % |
0.5 % |
-3 % |
2 % |
0.6 % |
0.7 % |
| Personal interest income |
0.6 % |
0.4 % |
- % |
- % |
0.3 % |
0.5 % |
| Personal dividend income |
- % |
0.7 % |
-6.7 % |
4.6 % |
1.1 % |
1 % |
| Personal current
transfer receipts |
95.1 % |
-27.4 % |
52 % |
2.3 % |
-3.3 % |
-6.2 % |
| Less:
Contributions for social insurance |
0.9 % |
- % |
1.5 % |
0.4 % |
0.3 % |
0.4 % |
| Less: Personal
current taxes |
1.4 % |
0.7 % |
-0.4 % |
0.2 % |
-0.2 % |
0.2 % |
| Equals: Disposable personal
income |
23.6 % |
-8 % |
11.4 % |
0.6 % |
-1.2 % |
-0.8 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
4.2 % |
-1 % |
2.4 % |
-0.2 % |
-0.4 % |
0.5 % |
| Goods |
8.1 % |
-3 % |
5.8 % |
-0.8 % |
-1 % |
- % |
| Durable goods |
10.8 % |
-4.7 % |
8.4 % |
-1 % |
-1.7 % |
0.6 % |
| Nondurable goods |
6.5 % |
-2 % |
4.3 % |
-0.7 % |
-0.6 % |
-0.3 % |
| Services |
2.2 % |
0.1 % |
0.7 % |
0.1 % |
-0.2 % |
0.7 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
23 % |
-8.2 % |
11 % |
0.2 % |
-1.3 % |
-0.8 % |
Personal
Income & Its Disposition
(Quarterly,
in Billions $) |
|
I Q. 2021
adv. |
IV Q. 2020
adv. |
IV Q. 2020
adv. |
IV Q. 2020
adv. |
III Q. 2020
adv. |
III Q. 2020
adv. |
| Personal income |
|
21,900.3 |
19,504.4 |
19,915.8 |
19,915.8 |
19,915.8 |
19,926.4 |
|
Compensation of employees, received |
|
11,898.1 |
11,707.8 |
11,537.3 |
11,537.3 |
11,537.3 |
11,533.0 |
| Wage
& salary disbursements |
|
9,702.2 |
9,549.4 |
9,409.9 |
9,409.9 |
9,409.9 |
9,405.9 |
| Private
industries |
|
8,253.4 |
8,112.4 |
7,967.5 |
7,967.5 |
7,967.5 |
7,964.0 |
| Goods-producing
industries |
|
1,557.8 |
1,529.5 |
1,537.0 |
1,537.0 |
1,537.0 |
1,537.3 |
|
Manufacturing |
|
907.6 |
888.8 |
937.5 |
937.5 |
937.5 |
937.4 |
|
Services-producing industries |
|
6,695.6 |
6,582.9 |
6,430.5 |
6,430.5 |
6,430.5 |
6,426.7 |
|
Trade, transportation, & utilities |
|
1,494.0 |
1,472.1 |
1,470.1 |
1,470.1 |
1,470.1 |
1,469.7 |
|
Other services-producing industries |
|
5,201.6 |
5,110.7 |
4,960.4 |
4,960.4 |
4,960.4 |
4,957.1 |
| Government |
|
1,448.8 |
1,437.0 |
1,442.4 |
1,442.4 |
1,442.4 |
1,441.9 |
|
Supplements to wages & salaries |
|
2,195.9 |
2,158.4 |
2,127.4 |
2,127.4 |
2,127.4 |
2,127.1 |
| Employer
contr. for employee pension & insur. |
|
1,516.0 |
1,487.8 |
1,457.9 |
1,457.9 |
1,457.9 |
1,457.8 |
| Employer
contr. for govt. social insurance |
|
679.8 |
670.6 |
669.5 |
669.5 |
669.5 |
669.2 |
|
Proprietors Income with invent. valu. |
|
1,737.9 |
1,757.4 |
1,803.0 |
1,803.0 |
1,803.0 |
1,804.5 |
| Farm |
|
62.4 |
100.0 |
62.8 |
62.8 |
62.8 |
62.9 |
| Nonfarm |
|
1,675.5 |
1,657.4 |
1,740.2 |
1,740.2 |
1,740.2 |
1,741.6 |
|
Rental Inc. with capital consumption adj. |
|
816.0 |
804.9 |
804.4 |
804.4 |
804.4 |
806.0 |
|
Personal income receipts on assets |
|
2,896.8 |
2,902.3 |
2,852.3 |
2,852.3 |
2,852.3 |
2,862.8 |
| Personal interest
income |
|
1,646.7 |
1,622.3 |
1,619.8 |
1,619.8 |
1,619.8 |
1,629.0 |
| Personal dividend
income |
|
1,250.1 |
1,280.0 |
1,232.6 |
1,232.6 |
1,232.6 |
1,233.8 |
|
Personal current transfer receipts |
|
6,047.0 |
3,794.9 |
4,369.3 |
4,369.3 |
4,369.3 |
4,370.0 |
|
Government social benefits to persons |
|
6,000.1 |
3,748.6 |
4,323.4 |
4,323.4 |
4,323.4 |
4,324.1 |
| Old-age,
disability, & health insurance benefits |
|
687.3 |
684.5 |
683.7 |
683.7 |
683.7 |
691.3 |
| Government
unemployment insurance benefits |
|
301.8 |
296.4 |
290.6 |
290.6 |
290.6 |
290.6 |
| Other |
|
2,629.9 |
668.4 |
795.8 |
795.8 |
795.8 |
795.5 |
|
Other current transfers, from business |
|
-46.9 |
-46.2 |
-45.9 |
-45.9 |
-45.9 |
-45.9 |
|
Contributions for govt. social insurance |
|
-1,495.5 |
-1,462.9 |
-1,450.4 |
-1,450.4 |
-1,450.4 |
-1,449.8 |
| Personal current taxes |
|
2,278.8 |
2,236.1 |
2,193.9 |
2,193.9 |
2,193.9 |
2,186.6 |
| Disposable personal
income |
|
-19,621.5 |
-17,268.3 |
-17,721.9 |
-17,721.9 |
-17,721.9 |
-17,739.8 |
| Personal outlays |
|
15,505.3 |
15,018.1 |
14,887.1 |
14,887.1 |
14,887.1 |
14,880.5 |
|
Personal consumption expenditures |
|
5,183.5 |
4,858.9 |
4,868.4 |
4,868.4 |
4,868.4 |
4,866.1 |
| Goods |
|
5,183.5 |
4,858.9 |
4,868.4 |
4,868.4 |
4,868.4 |
4,866.1 |
| Durable
goods |
|
1,910.9 |
1,750.6 |
1,753.0 |
1,753.0 |
1,753.0 |
1,753.7 |
| Nondurable
goods |
|
3,272.6 |
3,108.3 |
3,115.4 |
3,115.4 |
3,115.4 |
3,112.4 |
| Services |
|
9,857.7 |
9,683.5 |
9,533.2 |
9,533.2 |
9,533.2 |
9,528.1 |
|
Personal interest payments |
|
257.7 |
270.7 |
287.2 |
287.2 |
287.2 |
287.6 |
|
Personal current transfer payments |
|
206.4 |
205.0 |
198.4 |
198.4 |
198.4 |
198.7 |
| To government |
|
114.3 |
113.6 |
113.0 |
113.0 |
113.0 |
113.0 |
| To the rest
of the world |
|
92.2 |
91.4 |
85.5 |
85.5 |
85.5 |
85.8 |
| Personal saving |
|
4.1 |
2.3 |
2.8 |
2.8 |
2.8 |
2.9 |
| Personal saving as
a percentage of disposable personal income % |
|
21.00 % |
13.00 % |
16.00 % |
16.00 % |
16.00 % |
16.10 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
17,394.3 |
15,437.1 |
15,904.6 |
15,904.6 |
15,904.6 |
15,917.9 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
59,277 |
52,196 |
53,643 |
53,643 |
53,643 |
53,697 |
| Chained ($) dollars Y 2000 |
|
59,277 |
52,196 |
53,643 |
53,643 |
53,643 |
53,697 |
| Population (midperiod,
millions) |
|
331.01 |
330.84 |
330.37 |
330.37 |
330.37 |
330.37 |
Quarterly Growth in Personal Income & Its Disposition
(quarter on quarter seasonally adj. at annual rates, in %) |
IV Q. 2020
adv. |
IV Q. 2020
adv. |
IV Q. 2020
adv. |
III Q. 2020
adv. |
II Q. 2020
adv. |
II Q. 2020
adv. |
| Personal income |
-6.9 % |
-11.3 % |
-11.3 % |
-10 % |
34.2 % |
2.1 % |
| Compensation of employees,
received |
8.6 % |
20.3 % |
20.3 % |
23.1 % |
-24.6 % |
0.2 % |
| Wage & salary disbursements |
9 % |
21 % |
21 % |
24.3 % |
-25.7 % |
- % |
| Supplements to wages &
salaries |
6.8 % |
17.1 % |
17.1 % |
18 % |
-19.3 % |
1.1 % |
| Proprietors' Income |
-9.3 % |
102.2 % |
102.2 % |
102.9 % |
-38.3 % |
1 % |
| Rental Income
of Persons |
- % |
4.3 % |
4.3 % |
5.1 % |
-3.1 % |
4 % |
| Personal income receipts
on assets |
7.5 % |
-7.7 % |
-7.7 % |
-6.4 % |
-9.6 % |
1 % |
| Personal interest income |
1.1 % |
-4.1 % |
-4.1 % |
-1.9 % |
-9.8 % |
-2.6 % |
| Personal dividend income |
16.3 % |
-12.2 % |
-12.2 % |
-11.8 % |
-9.3 % |
6 % |
| Personal current
transfer receipts |
-43.3 % |
-64.9 % |
-64.9 % |
-64.9 % |
848.5 % |
10.9 % |
| Less:
Contributions for social insurance |
5.9 % |
16.3 % |
16.3 % |
18.9 % |
-18.3 % |
3.4 % |
| Less: Personal
current taxes |
9.6 % |
19.4 % |
19.4 % |
18.3 % |
-25.1 % |
1.1 % |
| Equals: Disposable personal
income |
-8.8 % |
-14.4 % |
-14.4 % |
-12.9 % |
44.3 % |
2.2 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
-1.3 % |
55.2 % |
55.2 % |
54.9 % |
-34.3 % |
-5.6 % |
| Goods |
-1.3 % |
55.2 % |
55.2 % |
54.9 % |
-15.8 % |
-0.7 % |
| Durable goods |
-1.1 % |
97.7 % |
97.7 % |
98 % |
-4.8 % |
-15.2 % |
| Nondurable goods |
-1.4 % |
36.3 % |
36.3 % |
35.8 % |
-20.8 % |
7.4 % |
| Services |
4.4 % |
16.2 % |
16.2 % |
18.3 % |
-41.6 % |
-7.7 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
-10.1 % |
-17.4 % |
-17.4 % |
-16 % |
46.6 % |
0.9 % |
Personal
Income & Its Disposition
(Annually,
in Billions $) |
|
2020
|
2019
|
2018
|
2017
|
2016
|
2015
|
| Personal income |
|
19,691.6 |
18,601.4 |
17,819.2 |
16,830.9 |
16,011.6 |
15,458.5 |
|
Compensation of employees, received |
|
11,449.5 |
11,420.4 |
10,928.5 |
10,407.2 |
10,101.3 |
9,693.1 |
| Wage
& salary disbursements |
|
9,331.9 |
9,297.4 |
8,888.5 |
8,453.8 |
8,189.2 |
7,854.8 |
| Private
industries |
|
7,886.3 |
7,845.7 |
7,485.9 |
7,108.1 |
6,878.1 |
6,580.3 |
| Goods-producing
industries |
|
1,502.5 |
1,532.8 |
1,471.6 |
1,390.3 |
1,351.0 |
1,308.1 |
|
Manufacturing |
|
886.9 |
908.4 |
883.2 |
846.4 |
829.4 |
806.7 |
|
Services-producing industries |
|
6,383.8 |
6,312.8 |
6,014.3 |
5,717.8 |
5,527.1 |
5,272.2 |
|
Trade, transportation, & utilities |
|
1,431.6 |
1,413.7 |
1,361.0 |
1,313.5 |
1,278.4 |
1,237.1 |
|
Other services-producing industries |
|
4,952.2 |
4,899.2 |
4,653.3 |
4,404.3 |
4,248.8 |
4,035.1 |
| Government |
|
1,445.6 |
1,451.7 |
1,402.6 |
1,345.7 |
1,311.1 |
1,274.5 |
|
Supplements to wages & salaries |
|
2,117.6 |
2,123.0 |
2,040.0 |
1,953.4 |
1,912.2 |
1,838.2 |
| Employer
contr. for employee pension & insur. |
|
1,457.0 |
1,473.2 |
1,417.2 |
1,348.1 |
1,325.4 |
1,270.5 |
| Employer
contr. for govt. social insurance |
|
660.5 |
649.9 |
622.8 |
605.3 |
586.7 |
567.7 |
|
Proprietors Income with invent. valu. |
|
1,694.6 |
1,657.8 |
1,588.8 |
1,500.9 |
1,417.5 |
1,376.8 |
| Farm |
|
64.5 |
31.9 |
27.2 |
38.9 |
27.8 |
39.9 |
| Nonfarm |
|
1,630.1 |
1,626.0 |
1,561.6 |
1,462.0 |
1,389.7 |
1,336.8 |
|
Rental Inc. with capital consumption adj. |
|
801.9 |
778.2 |
756.8 |
730.2 |
704.7 |
659.6 |
|
Personal income receipts on assets |
|
2,912.3 |
2,992.7 |
2,930.1 |
2,631.6 |
2,262.9 |
2,253.8 |
| Personal interest
income |
|
1,639.7 |
1,720.4 |
1,702.7 |
1,523.0 |
1,314.5 |
1,302.7 |
| Personal dividend
income |
|
1,272.6 |
1,272.3 |
1,227.5 |
1,108.6 |
948.4 |
951.1 |
|
Personal current transfer receipts |
|
4,269.4 |
3,171.7 |
2,971.5 |
2,859.7 |
2,775.4 |
2,678.6 |
|
Government social benefits to persons |
|
4,222.3 |
3,117.1 |
2,918.3 |
2,804.0 |
2,722.1 |
2,627.2 |
| Old-age,
disability, & health insurance benefits |
|
665.3 |
1,034.7 |
972.4 |
926.1 |
896.5 |
871.8 |
| Government
unemployment insurance benefits |
|
287.2 |
26.1 |
27.1 |
29.1 |
30.1 |
32.2 |
| Other |
|
951.8 |
1,009.4 |
960.6 |
955.2 |
95.7 |
90.3 |
|
Other current transfers, from business |
|
-47.2 |
54.6 |
53.2 |
55.7 |
53.3 |
51.4 |
|
Contributions for govt. social insurance |
|
-1,436.1 |
-1,419.5 |
-1,356.5 |
-1,298.6 |
-1,250.3 |
-1,203.5 |
| Personal current taxes |
|
2,194.2 |
-2,181.5 |
-2,077.6 |
-2,034.6 |
-1,965.6 |
-1,938.7 |
| Disposable personal
income |
|
-17,497.4 |
16,419.9 |
15,741.5 |
14,796.3 |
14,045.9 |
13,519.8 |
| Personal outlays |
|
14,649.6 |
-15,121.1 |
-14,531.1 |
-13,809.5 |
-13,227.1 |
-12,736.2 |
|
Personal consumption expenditures |
|
4,660.4 |
14,561.2 |
13,998.7 |
13,321.4 |
12,757.9 |
12,283.7 |
| Goods |
|
4,660.4 |
4,505.3 |
4,364.8 |
4,156.1 |
4,098.4 |
4,012.1 |
| Durable
goods |
|
1,619.6 |
1,526.6 |
1,475.6 |
1,406.5 |
1,402.9 |
1,355.2 |
| Nondurable
goods |
|
3,040.8 |
2,978.6 |
2,889.2 |
2,749.6 |
2,695.5 |
2,656.9 |
| Services |
|
9,486.3 |
10,055.9 |
9,633.9 |
9,165.3 |
8,659.6 |
8,271.6 |
|
Personal interest payments |
|
299.2 |
360.0 |
336.7 |
293.9 |
274.9 |
263.8 |
|
Personal current transfer payments |
|
203.7 |
199.8 |
195.8 |
194.2 |
194.3 |
188.8 |
| To government |
|
112.8 |
108.8 |
106.9 |
107.3 |
108.8 |
103.3 |
| To the rest
of the world |
|
90.9 |
91.0 |
88.9 |
86.9 |
85.5 |
85.4 |
| Personal saving |
|
2.8 |
1,298.8 |
1,210.4 |
986.8 |
818.8 |
783.6 |
| Personal saving as
a percentage of disposable personal income % |
|
16.30 % |
7.90 % |
7.70 % |
6.70 % |
5.80 % |
5.80 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
15,740.1 |
14,071.2 |
13,729.6 |
13,171.4 |
12,685.5 |
12,343.3 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
52,997 |
49,980 |
48,075 |
45,390 |
43,433 |
42,026 |
| Chained ($) dollars Y 2000 |
|
47,675 |
45,580 |
44,455 |
42,791 |
39,226 |
38,368 |
| Population (midperiod,
millions) |
|
330.16 |
328.53 |
327.44 |
325.98 |
323.39 |
321.70 |
Annual Growth in Personal Income & Its Disposition
(year on year, in %) |
March 2021
rest. |
Feb. 2021
rest. |
Jan. 2021
rest. |
Dec. 2020
rest. |
Nov. 2020
rest. |
Oct. 2020
rest. |
| Personal income |
21.1 % |
-7.1 % |
10 % |
0.6 % |
-1.1 % |
-0.7 % |
| Compensation of employees,
received |
1 % |
- % |
0.7 % |
0.5 % |
0.4 % |
0.7 % |
| Wage & salary disbursements |
1.1 % |
- % |
0.7 % |
0.5 % |
0.4 % |
0.7 % |
| Supplements to wages &
salaries |
0.6 % |
0.2 % |
0.8 % |
0.6 % |
0.5 % |
0.5 % |
| Proprietors' Income |
6.2 % |
2.3 % |
-0.5 % |
-4.5 % |
-8.5 % |
1.2 % |
| Rental Income
of Persons |
1 % |
1.3 % |
1.1 % |
-0.2 % |
0.5 % |
0.5 % |
| Personal income receipts
on assets |
0.3 % |
0.5 % |
-3 % |
2 % |
0.6 % |
0.7 % |
| Personal interest income |
0.6 % |
0.4 % |
- % |
- % |
0.3 % |
0.5 % |
| Personal dividend income |
- % |
0.7 % |
-6.7 % |
4.6 % |
1.1 % |
1 % |
| Personal current
transfer receipts |
95.1 % |
-27.4 % |
52 % |
2.3 % |
-3.3 % |
-6.2 % |
| Less:
Contributions for social insurance |
0.9 % |
- % |
1.5 % |
0.4 % |
0.3 % |
0.4 % |
| Less: Personal
current taxes |
1.4 % |
0.7 % |
-0.4 % |
0.2 % |
-0.2 % |
0.2 % |
| Equals: Disposable personal
income |
23.6 % |
-8 % |
11.4 % |
0.6 % |
-1.2 % |
-0.8 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
4.2 % |
-1 % |
2.4 % |
-0.2 % |
-0.4 % |
0.5 % |
| Goods |
8.1 % |
-3 % |
5.8 % |
-0.8 % |
-1 % |
- % |
| Durable goods |
10.8 % |
-4.7 % |
8.4 % |
-1 % |
-1.7 % |
0.6 % |
| Nondurable goods |
6.5 % |
-2 % |
4.3 % |
-0.7 % |
-0.6 % |
-0.3 % |
| Services |
2.2 % |
0.1 % |
0.7 % |
0.1 % |
-0.2 % |
0.7 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
23 % |
-8.2 % |
11 % |
0.2 % |
-1.3 % |
-0.8 % |
Source: Department of Commerce, Bea.gov
|
|
