United States Personal Income

Last Release

Feb 29, 2024

Actual

0.3

Units In

Frequency

Monthly

Next Release

Apr 26, 2024

Time to Release

25 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
21 Mar 2021	-13.3 Apr 2021	0.53 %	1959-2024	U.S. Bureau of Economic Analysis

Personal Income refers to the income that persons receive in return for their provision of labor, land, and capital used in current production, plus current transfer receipts less contributions for government social insurance.

Latest Updates

US personal income rose by 0.3% from the previous month to $23.694 trillion in February of 2024, decelerating from the one-year high increase of 1% in the previous month and slightly below market expectations of a 0.4% growth. The increase reflected higher compensation (0.7% vs 0.4% in January), due to higher wages and salaries (0.8% vs 0.3%), in addition to personal current transfer receipts (0.6% vs 2.8%). The developments offse declines in personal income receipts on assets (-2.1% vs 1.8%), mainly due to a sharp reversal in personal dividend income (-3.7 vs 4.1%). In the meantime, contributions for government social insurance rose by 0.7%, softening from the 1.1% increase earlier in the year.