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July 30, 2021US PERSONAL INCOME AND OUTLAY, JUNE 2021 (June 2021 vs May 2021, seasonally adjusted annualized rate)
The US Bureau of Economic Analysis reports that US personal income increased $26.1 billion, or 0.1%.
US personal disposable income declined 0.01% or $2.6 billion. In real per capita terms, US disposable personal income decreased 0.6%. US personal consumption expenditures increased $155.4 billion, or 1.0%.
Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world) decreased $161.3 billion, or 8.7%. The personal savings rate was 9.4% of disposable income, down from 10.3%.
QUOTATIONS
"The estimate for June personal income and outlays reflected the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Government social benefits associated with pandemic-related assistance programs declined in June. The full economic effects of the COVID-19 pandemic cannot be quantified in the personal income and outlays estimate because the impacts are generally embedded in source data and cannot be separately identified. For more information, see Effects of Selected Federal Pandemic Response Programs on Personal Income.
Source:
US Bureau of Economic Analysis. Press release, June 2021
Data retrieved from FRED, Federal Bank of St Louis, Table 2.6. Personal Income and Its Disposition, Monthly NIPA