US personal income rose by 0.3% from the previous month 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 and personal current transfer receipts, offsetting declines in personal income receipts on assets. source: U.S. Bureau of Economic Analysis

Personal Income in the United States increased 0.30 percent in February of 2024 over the previous month. Personal Income in the United States averaged 0.53 percent from 1959 until 2024, reaching an all time high of 20.80 percent in March of 2021 and a record low of -12.90 percent in April of 2021. This page provides the latest reported value for - United States Personal Income - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Personal Income - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.

Personal Income in the United States increased 0.30 percent in February of 2024 over the previous month. Personal Income in the United States is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Personal Income is projected to trend around 0.20 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-29 01:30 PM
Personal Income MoM
Jan 1% 0.3% 0.4% 0.3%
2024-03-29 12:30 PM
Personal Income MoM
Feb 0.3% 1% 0.4% 0.3%
2024-04-26 12:30 PM
Personal Income MoM
Mar 0.3% 0.5% 0.4%


Related Last Previous Unit Reference
Consumer Spending 15683.50 15586.67 USD Billion Mar 2024
Disposable Personal Income 20709.27 20658.94 USD Billion Feb 2024
Personal Income MoM 0.30 1.00 percent Feb 2024
Personal Savings 3.60 4.10 percent Feb 2024
Personal Spending MoM 0.80 0.20 percent Feb 2024

United States Personal Income
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.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 1.00 20.80 -12.90 1959 - 2024 percent Monthly
Current Prices, SA

News Stream
US Personal Income Growth Misses Expectations
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.
2024-03-29
US Personal Income Rises More than Expected
US personal income rose by 1% month-over-month in January 2024, up from 0.3% in the prior month and largely exceeding market forecasts of a 0.4% advance. It was the strongest increase in personal income in a year, primarily reflecting increases in government social benefits, personal income receipts on assets, and compensation. The increase in government social benefits was led by social security benefits, reflecting a 3.2% cost-of-living adjustment, and other government social benefits, primarily reflecting an increase in Affordable Care Act enrollments. The increase in personal income receipts on assets was led by an increase in personal dividend income, reflecting information from company financial statements.
2024-02-29
US Personal Income Rises 0.3% in December
US personal income increased by 0.3% month-over-month in December 2023, aligning with market expectations and following a 0.4% advance in November, driven by increases in compensation and personal interest income. Compensation of employees rose by 0.4%, a slight ease from the 0.5% gain the previous month, driven by advancements in both wages and salaries (0.4% vs 0.5% in November) and supplements to wages and salaries (0.3% vs 0.4%). Furthermore, personal interest income surged by 0.8% in December, maintaining the same pace as in the previous month.
2024-01-26