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Personal Income and Outlays, November 2023


Personal income increased $81.6 billion (0.4 percent at a monthly rate) in November. Disposable personal income (DPI)-personal income less personal current taxes-increased $71.9 billion (0.4 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $47.8 billion (0.2 percent) and consumer spending increased $46.7 billion (0.2 percent). Personal saving was $839.8 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.1 percent in November. Full Text
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