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Personal Income and Outlays May 2023


Personal income increased $91.2 billion (0.4 percent at a monthly rate) in May. Disposable personal income (DPI) - personal income less personal current taxes - increased $86.7 billion (0.4 percent). Personal outlays - the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments - increased $22.7 billion (0.1 percent) and consumer spending increased $18.9 billion (0.1 percent). Personal saving was $910.3 billion and the personal saving rate - personal saving as a percentage of disposable personal income - was 4.6 percent in May. Full Text
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