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Consumer spending on the rise again in January
Personal Income and Its Disposition Report U.S. Economy
Personal income grew in January by 0.5 % on the seasonally adjusted basis at the annualized rate of $18.98 trillion, reported by the Commerce Department. Disposable income, money left over after taxes, remained unchanged by 0 %, averaging income $50,886 at the annualized rate for every American. |
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|
Private
industries |
Goods-producing
industries |
Services |
Government |
|
-0.30% |
4.50% |
-1.04% |
3.48% |
-0.12% |
4.74% |
0.25% |
5.74% |
M/M |
Y/Y |
M/M |
Y/Y |
M/M |
Y/Y |
M/M |
Y/Y |
|
Consumer spending increased by 0.2 %
Spending on durable goods marked the biggest increase in January. Consumers' spending ranks as the single biggest contributor to the U.S. economy, accounting for as much as two-thirds of growth.
Wages have increased on the same pace like in previous month, with biggest gain in Trade, transportation, and utilities, wages in Government Sector grew as well, the contributions for employee pension and insurance benefits grew notably in January.
Higher government payments for social programs such as Medicaid and unemployment compensation, lifted January's personal income.
Although spending grew less than in the previous quarter and income grew at the higher rate, Americans were drawing their savings to compensate for higher spending, especially for sevices. Personal income has climbed in the fourth quarter by 3 %, while savings rate fell to 7.7 %, disposable income grew by 3 %.
|
| |
Compensation |
|
|
Compensation |
|
|
Compensation of employees
Compensation of employees
fell by -0.16 % from Dec. 2019 and
advanced by 4.81 % from Jan. 2019, while wage & salary disbursements
fell by -0.22 % sequentially and
grew by 4.69 % from same month year ago, now representing 81.39
% of total compensation of employees. |
|
|
Supplements to Wages
Supplements to wages & salaries now representing 18.61
% of total compensation of employees with an
increase of 0.09 % from Dec. 2019 and an
increase by 5.36 % from Jan. 2019.
|
| Compensation |
Compensation of employees
Compensation of employees
fell by -0.16 % from Dec. 2019 and
advanced by 4.81 % from Jan. 2019, while wage & salary disbursements
fell by -0.22 % sequentially and
grew by 4.69 % from same month year ago, now representing 81.39
% of total compensation of employees. |
| Compensation |
Supplements to Wages
Supplements to wages & salaries now representing 18.61
% of total compensation of employees with an
increase of 0.09 % from Dec. 2019 and an
increase by 5.36 % from Jan. 2019. |
| |
|
Wage
& salary disbursements |
| Wages
& Salaries from private industries
fell by
-0.30 % sequentially and
grew by
4.50 % from same month year ago, now representing 84.36
% of total wage & salary disbursements, while
Wages & Salaries from government
grew by
0.25 % from Dec. 2019 and
increased by
5.74 % from Jan. 2019, now representing
15.64
% of total wage & salary disbursements. |
|
|
Personal Income Receipts On Assets |
|
|
Capital Consumption |
|
|
|
Interest & Other
Personal interest income
fell by
-0.14 % sequentially while Personal dividend income
grew by
1.21 % from Dec. 2019. Compare to same quarter
a year ago, personal interest income
went up by
6.68 % and personal dividend income
grew by
11.85 %.
Personal interest payments excluding mortgage interests
fell by
-2.59 % sequentially and
fell by
-0.28 % from same month year ago. |
|
|
Proprietors Income & Capital Consumption
Proprietors Income
advanced by
0.99 % sequentially and
grew by
4.71 % from same month year ago, now representing 8.94
% of total personal income.
Rental Income with capital consumption adjustment grew by
0.66 % from Dec. 2019 and
increased by
3.31 % from same month year ago.
|
| Personal Income Receipts On Assets |
Interest & Other
Personal interest income
fell by
-0.14 % sequentially while Personal dividend income
grew by
1.21 % from Dec. 2019. Compare to same quarter
a year ago, personal interest income
went up by
6.68 % and personal dividend income
grew by
11.85 %.
Personal interest payments excluding mortgage interests
fell by
-2.59 % sequentially and
fell by
-0.28 % from same month year ago. |
| Capital Consumption |
| Proprietors Income & Capital Consumption
Proprietors Income
advanced by
0.99 % sequentially and
grew by
4.71 % from same month year ago, now representing 8.94
% of total personal income.
Rental Income with capital consumption adjustment grew by
0.66 % from Dec. 2019 and
increased by
3.31 % from same month year ago. |
Personal
Income & Its Disposition
(Monthly at Annual rates,
in Billions $) |
|
Jan. 2020
adv. |
Dec. 2019
adv. |
Nov. 2019
adv. |
Oct. 2019
adv. |
Sep. 2019
adv. |
Aug. 2019
adv. |
| Personal income |
|
18,981.3 |
18,922.3 |
18,911.2 |
18,809.5 |
18,835.1 |
18,703.4 |
|
Compensation of employees, received |
|
11,629.6 |
11,648.1 |
11,617.3 |
11,573.1 |
11,575.0 |
11,503.9 |
| Wage
& salary disbursements |
|
9,465.1 |
9,485.5 |
9,461.0 |
9,423.8 |
9,430.6 |
9,373.0 |
| Private
industries |
|
7,984.8 |
8,009.0 |
7,988.9 |
7,956.1 |
7,971.1 |
7,920.8 |
| Goods-producing
industries |
|
1,543.7 |
1,560.0 |
1,561.1 |
1,554.3 |
1,558.9 |
1,554.5 |
|
Manufacturing |
|
909.0 |
929.6 |
927.9 |
921.2 |
920.7 |
917.0 |
|
Services-producing industries |
|
6,441.1 |
6,449.0 |
6,427.8 |
6,401.7 |
6,412.2 |
6,366.2 |
|
Trade, transportation, & utilities |
|
1,440.3 |
1,435.0 |
1,429.3 |
1,427.8 |
1,422.9 |
1,412.9 |
|
Other services-producing industries |
|
5,000.8 |
5,013.9 |
4,998.6 |
4,973.9 |
4,989.3 |
4,953.3 |
| Government |
|
1,480.3 |
1,476.6 |
1,472.0 |
1,467.8 |
1,459.5 |
1,452.2 |
|
Supplements to wages & salaries |
|
2,164.5 |
2,162.5 |
2,156.3 |
2,149.3 |
2,144.3 |
2,130.9 |
| Employer
contr. for employee pension & insur. |
|
1,505.9 |
1,501.2 |
1,496.3 |
1,491.5 |
1,485.7 |
1,475.7 |
| Employer
contr. for govt. social insurance |
|
658.6 |
661.4 |
660.0 |
657.8 |
658.6 |
655.2 |
|
Proprietors Income with invent. valu. |
|
1,697.0 |
1,680.4 |
1,712.0 |
1,680.5 |
1,697.3 |
1,648.6 |
| Farm |
|
24.5 |
23.2 |
59.4 |
33.2 |
57.2 |
22.1 |
| Nonfarm |
|
1,672.4 |
1,657.2 |
1,652.6 |
1,647.3 |
1,640.1 |
1,626.6 |
|
Rental Inc. with capital consumption adj. |
|
798.0 |
792.8 |
786.9 |
783.0 |
781.0 |
786.9 |
|
Personal income receipts on assets |
|
3,035.7 |
3,022.5 |
3,012.2 |
2,989.2 |
3,013.7 |
3,003.4 |
| Personal interest
income |
|
1,733.6 |
1,736.0 |
1,729.6 |
1,705.7 |
1,726.4 |
1,730.0 |
| Personal dividend
income |
|
1,302.1 |
1,286.5 |
1,282.6 |
1,283.4 |
1,287.3 |
1,273.4 |
|
Personal current transfer receipts |
|
3,273.4 |
3,223.1 |
3,224.1 |
3,220.2 |
3,205.6 |
3,190.4 |
|
Government social benefits to persons |
|
3,218.2 |
3,168.0 |
3,169.2 |
3,165.4 |
3,150.9 |
3,135.8 |
| Old-age,
disability, & health insurance benefits |
|
1,067.1 |
1,043.2 |
1,049.6 |
1,050.6 |
1,040.3 |
1,035.0 |
| Government
unemployment insurance benefits |
|
831.8 |
828.0 |
823.9 |
819.5 |
814.9 |
804.8 |
| Other |
|
642.8 |
641.7 |
644.7 |
645.3 |
645.0 |
647.9 |
|
Other current transfers, from business |
|
26.4 |
26.6 |
25.7 |
25.8 |
25.5 |
25.9 |
|
Contributions for govt. social insurance |
|
-1,452.4 |
-1,444.6 |
-1,441.4 |
-1,436.5 |
-1,437.5 |
-1,429.7 |
| Personal current taxes |
|
-2,218.2 |
-2,215.8 |
-2,208.5 |
-2,194.5 |
-2,194.3 |
-2,205.0 |
| Disposable personal
income |
|
16,763.1 |
16,706.4 |
16,702.7 |
16,615.0 |
16,640.7 |
16,498.4 |
| Personal outlays |
|
-15,431.2 |
-15,430.6 |
-15,388.0 |
-15,319.4 |
-15,256.8 |
-15,229.2 |
|
Personal consumption expenditures |
|
14,870.7 |
14,852.6 |
14,824.1 |
14,759.2 |
14,696.2 |
14,661.1 |
| Goods |
|
4,573.1 |
4,588.8 |
4,582.1 |
4,560.5 |
4,561.0 |
4,571.1 |
| Durable
goods |
|
1,555.1 |
1,545.0 |
1,562.5 |
1,547.7 |
1,553.6 |
1,545.7 |
| Nondurable
goods |
|
3,017.9 |
3,043.8 |
3,019.6 |
3,012.8 |
3,007.4 |
3,025.4 |
| Services |
|
10,297.6 |
10,263.9 |
10,241.9 |
10,198.7 |
10,135.1 |
10,090.0 |
|
Personal interest payments |
|
360.9 |
370.5 |
363.4 |
359.9 |
360.3 |
368.0 |
|
Personal current transfer payments |
|
199.7 |
207.5 |
200.5 |
200.3 |
200.3 |
200.1 |
| To government |
|
106.6 |
109.8 |
109.6 |
109.5 |
109.3 |
108.9 |
| To the rest
of the world |
|
93.1 |
97.7 |
90.9 |
90.9 |
91.0 |
91.1 |
| Personal saving |
|
1,331.9 |
1,275.9 |
1,314.7 |
1,295.6 |
1,384.0 |
1,269.2 |
| Personal saving as
a percentage of disposable personal income % |
|
7.90 % |
7.60 % |
7.90 % |
7.80 % |
8.30 % |
7.70 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
14,201.0 |
14,197.1 |
14,213.3 |
14,147.0 |
14,216.5 |
14,122.9 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
50,886 |
50,731 |
50,579 |
50,338 |
50,444 |
50,072 |
| Chained ($) dollars Y 2000 |
|
46,005 |
45,877 |
45,827 |
45,681 |
45,884 |
45,585 |
| Population (midperiod,
millions) |
|
329.42 |
329.31 |
330.23 |
330.07 |
329.88 |
329.49 |
Percentage Change in Personal Income & Its Disposition
(month on month seasonally adj. at annual rates, in %) |
Jan. 2020
rest. |
Dec. 2019
rest. |
Nov. 2019
rest. |
Oct. 2019
rest. |
Sep. 2019
rest. |
Aug. 2019
rest. |
| Personal income |
0.5 % |
0.2 % |
0.5 % |
0.1 % |
0.3 % |
0.1 % |
| Compensation of employees,
received |
0.5 % |
0.3 % |
0.4 % |
0.4 % |
0.1 % |
0.2 % |
| Wage & salary disbursements |
0.3 % |
0.3 % |
0.4 % |
0.5 % |
- % |
0.2 % |
| Supplements to wages &
salaries |
0.6 % |
0.3 % |
0.3 % |
0.4 % |
0.2 % |
0.3 % |
| Proprietors' Income |
0.5 % |
-1.5 % |
1.9 % |
-1.1 % |
0.4 % |
0.5 % |
| Rental Income
of Persons |
0.4 % |
0.6 % |
0.5 % |
0.5 % |
- % |
0.5 % |
| Personal income receipts
on assets |
-0.1 % |
1 % |
0.8 % |
-0.7 % |
0.9 % |
-0.8 % |
| Personal interest income |
1.1 % |
1.6 % |
1.4 % |
-1 % |
1.1 % |
-1.8 % |
| Personal dividend income |
1.6 % |
0.2 % |
-0.1 % |
-0.3 % |
0.5 % |
0.6 % |
| Personal current
transfer receipts |
1.2 % |
- % |
0.1 % |
0.4 % |
0.3 % |
0.4 % |
| Less:
Contributions for social insurance |
0.7 % |
0.3 % |
0.3 % |
0.4 % |
- % |
0.2 % |
| Less: Personal
current taxes |
0.6 % |
0.5 % |
0.6 % |
0.8 % |
-0.3 % |
-0.9 % |
| Equals: Disposable personal
income |
- % |
0.2 % |
0.5 % |
- % |
0.3 % |
0.3 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
0.2 % |
- % |
- % |
- % |
- % |
- % |
| Goods |
0.1 % |
0.3 % |
0.4 % |
0.3 % |
0.2 % |
0.6 % |
| Durable goods |
0.6 % |
0.3 % |
0.5 % |
0.2 % |
- % |
0.9 % |
| Nondurable goods |
-0.2 % |
-0.8 % |
1 % |
-0.9 % |
0.4 % |
0.6 % |
| Services |
0.3 % |
0.9 % |
0.2 % |
0.7 % |
-0.1 % |
1.1 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
0.5 % |
- % |
0.5 % |
-0.2 % |
0.3 % |
-0.1 % |
Personal
Income & Its Disposition
(Quarterly,
in Billions $) |
|
IV Q. 2019
adv. |
IV Q. 2019
adv. |
III Q. 2019
adv. |
II Q. 2019
adv. |
III Q. 2019
adv. |
II Q. 2019
adv. |
| Personal income |
|
18,817.5 |
18,718.4 |
18,718.4 |
18,600.8 |
18,772.4 |
18,600.8 |
|
Compensation of employees, received |
|
11,546.5 |
11,489.0 |
11,489.0 |
11,436.1 |
11,549.6 |
11,436.1 |
| Wage
& salary disbursements |
|
9,394.8 |
9,354.0 |
9,354.0 |
9,319.6 |
9,411.2 |
9,319.6 |
| Private
industries |
|
7,922.8 |
7,893.8 |
7,893.8 |
7,876.8 |
7,954.5 |
7,876.8 |
| Goods-producing
industries |
|
1,542.3 |
1,540.5 |
1,540.5 |
1,548.5 |
1,559.0 |
1,548.5 |
|
Manufacturing |
|
910.6 |
915.7 |
915.7 |
915.0 |
921.0 |
915.0 |
|
Services-producing industries |
|
6,380.5 |
6,353.3 |
6,353.3 |
6,328.4 |
6,395.5 |
6,328.4 |
|
Trade, transportation, & utilities |
|
1,425.8 |
1,418.0 |
1,418.0 |
1,408.3 |
1,420.4 |
1,408.3 |
|
Other services-producing industries |
|
4,954.7 |
4,935.3 |
4,935.3 |
4,920.1 |
4,975.1 |
4,920.1 |
| Government |
|
1,472.0 |
1,460.2 |
1,460.2 |
1,442.7 |
1,456.7 |
1,442.7 |
|
Supplements to wages & salaries |
|
2,151.7 |
2,135.1 |
2,135.1 |
2,116.5 |
2,138.4 |
2,116.5 |
| Employer
contr. for employee pension & insur. |
|
1,496.2 |
1,481.6 |
1,481.6 |
1,464.7 |
1,480.9 |
1,464.7 |
| Employer
contr. for govt. social insurance |
|
655.5 |
653.5 |
653.5 |
651.8 |
657.5 |
651.8 |
|
Proprietors Income with invent. valu. |
|
1,693.9 |
1,683.4 |
1,683.4 |
1,632.7 |
1,680.6 |
1,632.7 |
| Farm |
|
41.6 |
41.8 |
41.8 |
19.8 |
41.4 |
19.8 |
| Nonfarm |
|
1,652.3 |
1,641.5 |
1,641.5 |
1,612.9 |
1,639.2 |
1,612.9 |
|
Rental Inc. with capital consumption adj. |
|
789.0 |
779.7 |
779.7 |
778.6 |
781.0 |
778.6 |
|
Personal income receipts on assets |
|
3,001.4 |
2,997.7 |
2,997.7 |
3,016.2 |
3,001.2 |
3,016.2 |
| Personal interest
income |
|
1,714.8 |
1,716.8 |
1,716.8 |
1,750.8 |
1,719.8 |
1,750.8 |
| Personal dividend
income |
|
1,286.6 |
1,280.9 |
1,280.9 |
1,265.4 |
1,281.4 |
1,265.4 |
|
Personal current transfer receipts |
|
3,219.5 |
3,195.8 |
3,195.8 |
3,159.7 |
3,194.9 |
3,159.7 |
|
Government social benefits to persons |
|
3,164.5 |
3,141.2 |
3,141.2 |
3,105.2 |
3,140.3 |
3,105.2 |
| Old-age,
disability, & health insurance benefits |
|
1,047.5 |
1,037.7 |
1,037.7 |
1,030.5 |
1,037.5 |
1,030.5 |
| Government
unemployment insurance benefits |
|
26.0 |
25.8 |
25.8 |
25.9 |
25.8 |
25.9 |
| Other |
|
1,007.6 |
1,007.0 |
1,007.0 |
1,009.2 |
1,007.6 |
1,009.2 |
|
Other current transfers, from business |
|
54.9 |
54.6 |
54.6 |
54.4 |
54.6 |
54.4 |
|
Contributions for govt. social insurance |
|
-1,432.7 |
-1,427.1 |
-1,427.1 |
-1,422.4 |
-1,434.8 |
-1,422.4 |
| Personal current taxes |
|
-2,193.8 |
-2,183.2 |
-2,183.2 |
-2,210.4 |
-2,199.6 |
-2,210.4 |
| Disposable personal
income |
|
16,623.7 |
16,535.3 |
16,535.3 |
16,390.4 |
16,572.9 |
16,390.4 |
| Personal outlays |
|
-15,350.9 |
-15,237.2 |
-15,237.2 |
-15,074.2 |
-15,231.1 |
-15,074.2 |
|
Personal consumption expenditures |
|
14,789.3 |
14,678.2 |
14,678.2 |
14,511.3 |
14,669.3 |
14,511.3 |
| Goods |
|
4,559.8 |
4,556.7 |
4,556.7 |
4,508.8 |
4,558.8 |
4,508.8 |
| Durable
goods |
|
1,546.9 |
1,549.7 |
1,549.7 |
1,524.4 |
1,547.8 |
1,524.4 |
| Nondurable
goods |
|
3,012.9 |
3,007.0 |
3,007.0 |
2,984.4 |
3,011.0 |
2,984.4 |
| Services |
|
10,229.4 |
10,121.5 |
10,121.5 |
10,002.5 |
10,110.5 |
10,002.5 |
|
Personal interest payments |
|
359.0 |
359.1 |
359.1 |
363.2 |
361.7 |
363.2 |
|
Personal current transfer payments |
|
202.7 |
200.0 |
200.0 |
199.7 |
200.1 |
199.7 |
| To government |
|
109.6 |
109.1 |
109.1 |
108.6 |
109.1 |
108.6 |
| To the rest
of the world |
|
93.1 |
90.9 |
90.9 |
91.1 |
91.0 |
91.1 |
| Personal saving |
|
1,272.8 |
1,298.0 |
1,298.0 |
1,316.2 |
1,341.7 |
1,316.2 |
| Personal saving as
a percentage of disposable personal income % |
|
7.70 % |
7.80 % |
7.80 % |
8.00 % |
8.10 % |
8.00 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
14,143.8 |
14,121.4 |
14,121.4 |
14,102.7 |
14,169.9 |
14,102.7 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
50,500 |
50,154 |
50,154 |
49,798 |
50,268 |
49,798 |
| Chained ($) dollars Y 2000 |
|
45,791 |
45,626 |
45,626 |
45,482 |
45,726 |
45,482 |
| Population (midperiod,
millions) |
|
329.19 |
329.69 |
329.69 |
329.14 |
329.69 |
329.14 |
Quarterly Growth in Personal Income & Its Disposition
(quarter on quarter seasonally adj. at annual rates, in %) |
IV Q. 2019
adv. |
IV Q. 2019
adv. |
III Q. 2019
adv. |
II Q. 2019
adv. |
III Q. 2019
adv. |
II Q. 2019
adv. |
| Personal income |
3 % |
2.6 % |
3.6 % |
5.5 % |
3.8 % |
5.5 % |
| Compensation of employees,
received |
3.7 % |
1.9 % |
3.6 % |
4.7 % |
4 % |
4.7 % |
| Wage & salary disbursements |
3.7 % |
1.6 % |
3.5 % |
4.8 % |
4 % |
4.8 % |
| Supplements to wages &
salaries |
3.7 % |
3.6 % |
4.2 % |
4.2 % |
4.2 % |
4.2 % |
| Proprietors' Income |
2.5 % |
12.9 % |
12.9 % |
2.9 % |
12.2 % |
2.9 % |
| Rental Income
of Persons |
4.8 % |
1.3 % |
1.3 % |
6.1 % |
2 % |
6.1 % |
| Personal income receipts
on assets |
0.5 % |
-2.5 % |
-2.5 % |
8.5 % |
-2 % |
8.5 % |
| Personal interest income |
-0.5 % |
-7.5 % |
-7.5 % |
12.7 % |
-6.8 % |
12.7 % |
| Personal dividend income |
1.8 % |
4.8 % |
4.8 % |
3.1 % |
5 % |
3.1 % |
| Personal current
transfer receipts |
3 % |
4.8 % |
4.8 % |
6.1 % |
4.7 % |
6.1 % |
| Less:
Contributions for social insurance |
3.2 % |
1.4 % |
3.1 % |
4.3 % |
3.5 % |
4.3 % |
| Less: Personal
current taxes |
3.4 % |
-4.4 % |
-3 % |
10.3 % |
-1.6 % |
10.3 % |
| Equals: Disposable personal
income |
3 % |
3.6 % |
4.5 % |
4.8 % |
4.5 % |
4.8 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
3.1 % |
4.7 % |
4.7 % |
7 % |
4.4 % |
7 % |
| Goods |
0.3 % |
4.5 % |
4.5 % |
10.5 % |
4.7 % |
10.5 % |
| Durable goods |
-0.7 % |
6.8 % |
6.8 % |
10.9 % |
6.2 % |
10.9 % |
| Nondurable goods |
0.8 % |
3.3 % |
3.3 % |
10.3 % |
3.9 % |
10.3 % |
| Services |
4.3 % |
4.8 % |
4.8 % |
5.5 % |
4.3 % |
5.5 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
1.7 % |
2.1 % |
2.9 % |
2.5 % |
2.9 % |
2.5 % |
Personal
Income & Its Disposition
(Annually,
in Billions $) |
|
2019
|
2018
|
2017
|
2016
|
2015
|
2014
|
| Personal income |
|
18,601.4 |
17,819.2 |
16,830.9 |
16,011.6 |
15,458.5 |
14,728.6 |
|
Compensation of employees, received |
|
11,420.4 |
10,928.5 |
10,407.2 |
10,101.3 |
9,693.1 |
9,221.6 |
| Wage
& salary disbursements |
|
9,297.4 |
8,888.5 |
8,453.8 |
8,189.2 |
7,854.8 |
7,446.0 |
| Private
industries |
|
7,845.7 |
7,485.9 |
7,108.1 |
6,878.1 |
6,580.3 |
6,223.9 |
| Goods-producing
industries |
|
1,532.8 |
1,471.6 |
1,390.3 |
1,351.0 |
1,308.1 |
1,261.6 |
|
Manufacturing |
|
908.4 |
883.2 |
846.4 |
829.4 |
806.7 |
777.2 |
|
Services-producing industries |
|
6,312.8 |
6,014.3 |
5,717.8 |
5,527.1 |
5,272.2 |
4,962.2 |
|
Trade, transportation, & utilities |
|
1,413.7 |
1,361.0 |
1,313.5 |
1,278.4 |
1,237.1 |
1,172.1 |
|
Other services-producing industries |
|
4,899.2 |
4,653.3 |
4,404.3 |
4,248.8 |
4,035.1 |
3,790.1 |
| Government |
|
1,451.7 |
1,402.6 |
1,345.7 |
1,311.1 |
1,274.5 |
1,222.1 |
|
Supplements to wages & salaries |
|
2,123.0 |
2,040.0 |
1,953.4 |
1,912.2 |
1,838.2 |
1,775.6 |
| Employer
contr. for employee pension & insur. |
|
1,473.2 |
1,417.2 |
1,348.1 |
1,325.4 |
1,270.5 |
1,226.4 |
| Employer
contr. for govt. social insurance |
|
649.9 |
622.8 |
605.3 |
586.7 |
567.7 |
549.2 |
|
Proprietors Income with invent. valu. |
|
1,657.8 |
1,588.8 |
1,500.9 |
1,417.5 |
1,376.8 |
1,380.2 |
| Farm |
|
31.9 |
27.2 |
38.9 |
27.8 |
39.9 |
63.6 |
| Nonfarm |
|
1,626.0 |
1,561.6 |
1,462.0 |
1,389.7 |
1,336.8 |
1,316.6 |
|
Rental Inc. with capital consumption adj. |
|
778.2 |
756.8 |
730.2 |
704.7 |
659.6 |
640.2 |
|
Personal income receipts on assets |
|
2,992.7 |
2,930.1 |
2,631.6 |
2,262.9 |
2,253.8 |
2,125.3 |
| Personal interest
income |
|
1,720.4 |
1,702.7 |
1,523.0 |
1,314.5 |
1,302.7 |
1,264.7 |
| Personal dividend
income |
|
1,272.3 |
1,227.5 |
1,108.6 |
948.4 |
951.1 |
860.6 |
|
Personal current transfer receipts |
|
3,171.7 |
2,971.5 |
2,859.7 |
2,775.4 |
2,678.6 |
2,522.7 |
|
Government social benefits to persons |
|
3,117.1 |
2,918.3 |
2,804.0 |
2,722.1 |
2,627.2 |
2,478.5 |
| Old-age,
disability, & health insurance benefits |
|
1,034.7 |
972.4 |
926.1 |
896.5 |
871.8 |
587.8 |
| Government
unemployment insurance benefits |
|
26.1 |
27.1 |
29.1 |
30.1 |
32.2 |
36.9 |
| Other |
|
1,009.4 |
960.6 |
955.2 |
95.7 |
90.3 |
445.1 |
|
Other current transfers, from business |
|
54.6 |
53.2 |
55.7 |
53.3 |
51.4 |
44.2 |
|
Contributions for govt. social insurance |
|
-1,419.5 |
-1,356.5 |
-1,298.6 |
-1,250.3 |
-1,203.5 |
-1,161.3 |
| Personal current taxes |
|
-2,181.5 |
-2,077.6 |
-2,034.6 |
-1,965.6 |
-1,938.7 |
-1,742.9 |
| Disposable personal
income |
|
16,419.9 |
15,741.5 |
14,796.3 |
14,045.9 |
13,519.8 |
12,985.8 |
| Personal outlays |
|
-15,121.1 |
-14,531.1 |
-13,809.5 |
-13,227.1 |
-12,736.2 |
-12,357.5 |
|
Personal consumption expenditures |
|
14,561.2 |
13,998.7 |
13,321.4 |
12,757.9 |
12,283.7 |
11,930.3 |
| Goods |
|
4,505.3 |
4,364.8 |
4,156.1 |
4,098.4 |
4,012.1 |
3,968.7 |
| Durable
goods |
|
1,526.6 |
1,475.6 |
1,406.5 |
1,402.9 |
1,355.2 |
1,302.5 |
| Nondurable
goods |
|
2,978.6 |
2,889.2 |
2,749.6 |
2,695.5 |
2,656.9 |
2,666.2 |
| Services |
|
10,055.9 |
9,633.9 |
9,165.3 |
8,659.6 |
8,271.6 |
7,961.7 |
|
Personal interest payments |
|
360.0 |
336.7 |
293.9 |
274.9 |
263.8 |
256.8 |
|
Personal current transfer payments |
|
199.8 |
195.8 |
194.2 |
194.3 |
188.8 |
170.3 |
| To government |
|
108.8 |
106.9 |
107.3 |
108.8 |
103.3 |
94.8 |
| To the rest
of the world |
|
91.0 |
88.9 |
86.9 |
85.5 |
85.4 |
75.6 |
| Personal saving |
|
1,298.8 |
1,210.4 |
986.8 |
818.8 |
783.6 |
628.3 |
| Personal saving as
a percentage of disposable personal income % |
|
7.90 % |
7.70 % |
6.70 % |
5.80 % |
5.80 % |
4.80 % |
| Disposable personal
income: |
|
|
|
|
|
|
|
| Total, billions of chained
($) dollars Y 2000 |
|
14,071.2 |
13,729.6 |
13,171.4 |
12,685.5 |
12,343.3 |
11,222.4 |
| Per capita: |
|
|
|
|
|
|
|
| Current dollars ($) |
|
49,980 |
48,075 |
45,390 |
43,433 |
42,026 |
40,686 |
| Chained ($) dollars Y 2000 |
|
45,580 |
44,455 |
42,791 |
39,226 |
38,368 |
37,407 |
| Population (midperiod,
millions) |
|
328.53 |
327.44 |
325.98 |
323.39 |
321.70 |
319.17 |
Annual Growth in Personal Income & Its Disposition
(year on year, in %) |
Jan. 2020
rest. |
Dec. 2019
rest. |
Nov. 2019
rest. |
Oct. 2019
rest. |
Sep. 2019
rest. |
Aug. 2019
rest. |
| Personal income |
0.5 % |
0.2 % |
0.5 % |
0.1 % |
0.3 % |
0.1 % |
| Compensation of employees,
received |
0.5 % |
0.3 % |
0.4 % |
0.4 % |
0.1 % |
0.2 % |
| Wage & salary disbursements |
0.3 % |
0.3 % |
0.4 % |
0.5 % |
- % |
0.2 % |
| Supplements to wages &
salaries |
0.6 % |
0.3 % |
0.3 % |
0.4 % |
0.2 % |
0.3 % |
| Proprietors' Income |
0.5 % |
-1.5 % |
1.9 % |
-1.1 % |
0.4 % |
0.5 % |
| Rental Income
of Persons |
0.4 % |
0.6 % |
0.5 % |
0.5 % |
- % |
0.5 % |
| Personal income receipts
on assets |
-0.1 % |
1 % |
0.8 % |
-0.7 % |
0.9 % |
-0.8 % |
| Personal interest income |
1.1 % |
1.6 % |
1.4 % |
-1 % |
1.1 % |
-1.8 % |
| Personal dividend income |
1.6 % |
0.2 % |
-0.1 % |
-0.3 % |
0.5 % |
0.6 % |
| Personal current
transfer receipts |
1.2 % |
- % |
0.1 % |
0.4 % |
0.3 % |
0.4 % |
| Less:
Contributions for social insurance |
0.7 % |
0.3 % |
0.3 % |
0.4 % |
- % |
0.2 % |
| Less: Personal
current taxes |
0.6 % |
0.5 % |
0.6 % |
0.8 % |
-0.3 % |
-0.9 % |
| Equals: Disposable personal
income |
- % |
0.2 % |
0.5 % |
- % |
0.3 % |
0.3 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Personal consumption
expenditures |
0.2 % |
- % |
- % |
- % |
- % |
- % |
| Goods |
0.1 % |
0.3 % |
0.4 % |
0.3 % |
0.2 % |
0.6 % |
| Durable goods |
0.6 % |
0.3 % |
0.5 % |
0.2 % |
- % |
0.9 % |
| Nondurable goods |
-0.2 % |
-0.8 % |
1 % |
-0.9 % |
0.4 % |
0.6 % |
| Services |
0.3 % |
0.9 % |
0.2 % |
0.7 % |
-0.1 % |
1.1 % |
| Based on chained (2000) dollar measures |
|
|
|
|
|
|
| Real disposable personal
income |
0.5 % |
- % |
0.5 % |
-0.2 % |
0.3 % |
-0.1 % |
Source: Department of Commerce, Bea.gov
|
|
