United States Personal Income

US personal income increased by 0.4% month-over-month to $26.280 trillion in August 2025, the same pace as in July and just above market forecasts o a 0.3% rise. This marked the third consecutive monthly increase in personal income, primarily reflecting growth in employee compensation (+0.3%) due to both wages (+0.3%) and supplements to wages (+0.4%). At the same time, personal current transfer receipts rose 0.6% in August, after showing no change in the prior month. Increases were also seen for proprietors' income with inventory valuation and capital consumption (0.9% vs 0.9%); rental income of persons with capital consumption adjustment (0.4% vs 0.2%) and personal income receipts on assets (0.1% vs 0.2%). Meanwhile, disposable personal income increased 0.4%, matching July's pace. Real disposable personal income edged up by 0.1%, after a 0.2% rise in the prior month.