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Personal Income and Outlays, December 2023


Personal income increased $60.0 billion (0.3 percent at a monthly rate) in December. Disposable personal income (DPI)-personal income less personal current taxes-increased $51.8 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $134.7 billion (0.7 percent) and consumer spending increased $133.9 billion (0.7 percent). Personal saving was $766.7 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.7 percent in December. Full Text
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