Personal income in the US surged 10 percent month-over-month in January of 2021, accelerating from a 0.6 percent rise in December and beating market expectations of a 9.5 percent jump. It was the largest gain in income since April 2020, due to an increase in government social benefits to persons as payments were made to individuals from federal COVID-19 pandemic response programs. The increase in “other” benefits primarily reflected economic impact payments distributed through the CRRSA Act. Unemployment insurance also increased, reflecting an increase in pandemic unemployment compensation, including supplemental weekly payments to unemployment beneficiaries re-introduced by the CRRSA Act. source: U.S. Bureau of Economic Analysis

Personal Income in the United States averaged 0.54 percent from 1959 until 2021, reaching an all time high of 12.40 percent in April of 2020 and a record low of -4.70 percent in January of 2013. 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 March of 2021.

Personal Income in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Income in the United States to stand at 0.60 in 12 months time. In the long-term, the United States Personal Income is projected to trend around 0.30 percent in 2022, according to our econometric models.

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United States Personal Income

Actual Previous Highest Lowest Dates Unit Frequency
10.00 0.60 12.40 -4.70 1959 - 2021 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-25 03:00 PM Oct -0.7% 0.7% 0% 0.2%
2020-12-23 01:30 PM Nov -1.1% -0.6% -0.3% -0.4%
2021-01-29 01:30 PM Dec 0.6% -1.3% 0.1% 0.1%
2021-02-26 01:30 PM Jan 10% 0.6% 9.5% 8.5%
2021-03-26 12:30 PM Feb 10%
2021-04-30 12:30 PM Mar
2021-05-28 12:30 PM Apr
2021-06-25 12:30 PM May


News Stream
US Personal Income Rises More than Expected
Personal income in the US surged 10 percent month-over-month in January of 2021, accelerating from a 0.6 percent rise in December and beating market expectations of a 9.5 percent jump. It was the largest gain in income since April 2020, due to an increase in government social benefits to persons as payments were made to individuals from federal COVID-19 pandemic response programs. The increase in “other” benefits primarily reflected economic impact payments distributed through the CRRSA Act. Unemployment insurance also increased, reflecting an increase in pandemic unemployment compensation, including supplemental weekly payments to unemployment beneficiaries re-introduced by the CRRSA Act.
2021-02-26
US Personal Income Beats Forecast in December
US personal income rose by 0.6 percent from a month earlier in December of 2020, rebounding from a revised 1.3 percent slump in November and beating market consensus of a 0.1 percent increase supported by increases in government social benefits, compensation, and personal dividend income. At the same time, proprietors’ income decreased.
2021-01-29
US Personal Income Falls for 2nd Month
Personal income in the US sank 1.1 percent month-over-month in November of 2020, much more than market forecasts of a 0.3 percent decline. It is the second consecutive drop in income, amid lower government support. Proprietors’ income (both nonfarm and farm) went down due to a decline in payments under the Coronavirus Food Assistance Program related to supporting farmers and ranchers impacted by COVID-19 as well as a decline in Paycheck Protection Program loans to businesses. Government social benefits also went down due to falls in Lost Wages Supplemental Payments, a Federal Emergency Management Agency program that provides wage assistance to individuals impacted by the pandemic.
2020-12-23
US Personal Income Unexpectedly Falls in October
US personal income fell by 0.7 percent from a month earlier in October of 2020, following a downwardly revised 0.7 percent increase in the previous month and compared with market expectations of a flat reading. The decrease in government social benefits was mostly to blame because of a drop in Lost Wages Supplemental Payments, a Federal Emergency Management Agency program that provides wage assistance to individuals impacted by the pandemic. In contrast, compensation and proprietors’ income rose. On a positive note, personal spending increased 0.5 percent, following a downwardly revised 1.2 percent growth in September and slightly beating market forecasts of 0.4 percent.
2020-11-25

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.