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Personal Income and Outlays, August 2024


Personal income increased $50.5 billion (0.2 percent at a monthly rate) in August. Disposable personal income (DPI)-personal income less personal current taxes- increased $34.2 billion (0.2 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $48.3 billion (0.2 percent) and consumer spending increased $47.2 billion (0.2 percent). Personal saving was $1.05 trillion and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.8 percent in August. Full Text
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