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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

July 30, 2019
US PERSONAL INCOME AND OUTLAY, JUNE 2019

The US Bureau of Economic Analysis reports that US personal income increased $83.6 billion, or 0.4 per cent in June 2019 (seasonally adjusted levels at annualized rates). The increase in personal income in June primarily reflected increases in wages and salaries, government social benefits to persons, and supplements to wages and salaries.

US personal disposable income increased $69.8 billion, or 0.4 per cent in June 2019 to $16.5 trillion. In real per capita terms, US disposable personal income increased $114.0 billion (Chained 2012 dollars) or 0.3 per cent in June 2019. 

US personal consumption expenditures increased $41.0 billion, or 0.3 per cent in June 2019

Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world) increased $25.6 billion in June 2019 to $1.336 trillion. The personal savings rate was 8.1 per cent of disposable income.  

Personal Outlays increased $44.2 billion or 0.3 per cent in June 2019. 

Source: US Bureau of Economic Analysis 

Press Release and Table 2.6. Personal Income and Its Disposition, Monthly NIPA



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