Personal income in the United States increased 0.5 percent from a month earlier in May 2022, the same as in the previous month and matching market expectations, as a rise in compensation and proprietors' income offset a decrease in government social benefits. Within compensation, the increase reflected rises in both private and government wages and salaries. The increase in proprietors' income was led by nonfarm income. The fall in government social benefits primarily reflected a decrease in transfers to nonprofit health care providers through the Provider Relief Fund that was partly offset by increases in Medicaid and Medicare. source: U.S. Bureau of Economic Analysis
Personal Income in the United States averaged 0.54 percent from 1959 until 2022, reaching an all time high of 21 percent in March of 2021 and a record low of -13.30 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 July of 2022.
Personal Income in the United States is expected to be 0.40 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 0.60 percent in 2023 and 0.30 percent in 2024, according to our econometric models.