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Personal Income and Outlays, June 2023


Personal income increased $69.5 billion (0.3 percent at a monthly rate) in June. Disposable personal income (DPI)-personal income less personal current taxes- increased $67.5 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments-increased $109.4 billion (0.6 percent) and consumer spending increased $100.4 billion (0.5 percent). Personal saving was $862.4 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.3 percent in June. Full Text
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