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Personal Income and Outlays, September 2023


Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI)-personal income less personal current taxes- increased $56.1 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $175.1 billion (0.9 percent) and consumer spending increased $138.7 billion (0.7 percent). Personal saving was $687.7 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.4 percent in September. Full Text
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