According to recent data from the U.S. Bureau of Economic Analysis, personal income in June increased $71.4 billion (0.3% at a monthly rate). Disposable personal income (DPI – personal income less personal current taxes) increased $61 billion (0.3%) and personal consumption expenditures (PCE) increased $69.9 billion (0.3%). Personal outlays (the sum of PCE, personal interest payments, and personal current transfer payments) increased $69.5 billion in June. Personal saving was $1.01 trillion in June and the personal saving rate (personal saving as a percentage of disposable personal income) was 4.5%.
Click here to read the full report at the Bureau of Economic Analysis.
