Personal Income and Outlays

The BEA's Personal Income and Outlays report for November shows a second decline in income. 

  • Personal income decreased $221.8 billion (1.1 percent) in November.
  • Disposable personal income (DPI) decreased $218.0 billion (1.2 percent).
  • Personal consumption expenditures (PCE) decreased $63.3 billion (0.4 percent). 
  • Real DPI decreased 1.3 percent in November and Real PCE decreased 0.4 percent.
  • The PCE price index had no change. 
  • Excluding food and energy, the PCE price index had no change.

Personal Consumption Expenditures (PCE) have almost recovered to pre-pandemic levels but has essentially been flat for many months.


More Free Money?

That's the current debate isn't it?

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One astute reader noted that is backwards. Trump now agrees with AOC.


Personal Income Up 0.2%, Smallest in 15 Months, Spending Up 0.4%

Personal income rose 0.2% in September, with real disposable income up only 0.1%. The CPI was up 2.0% year-over-year.

Personal Income Up 0.1%, Spending Up 0.6%: What's the Problem?

Personal Income is up 0.1%, spending is up 0.6%. Real Disposable Income is up 0.1%, real spending is up 0.4%.

Personal Income Jumps But Spending Weak

Personal income rose 0.4% in August but spending, both nominal and real, rose a weak 0.1%

Personal Income Up But Real Consumer Spending Declines Second Month

The BEA’s Personal Income and Outlays report shows personal income rose 0.4% but consumer spending rose a scant 0.1% in February.

Personal Income Jumped in January, But It's a One-Time Deal

Personal income rose 0.6% in January. Real income rose 0.5%. Spending rose 0.2% and real spending only 0.1%

Personal Income and Outlays for Dec, Income Only for Jan: Spending -0.5% in Dec

The BEA's reports were among those delayed in the shutdown. Consumer spending is still delayed.