Personal income in the United States increased 0.5 percent from a month earlier in October 2021, partially recovering from a 1.0 percent drop in September and beating market expectations of a 0.2 percent gain. It was the largest rise in income for three months, primarily due to increases in compensation of employees on the back of higher private wages and salaries, and personal income receipts on assets boosted by both dividend income and interest income. On the other hand, government social benefits declined, reflecting decreases in payments from three pandemic-related unemployment programs. 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 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 December of 2021.

Personal Income in the United States is expected to be 0.60 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 2022 and 0.30 percent in 2023, according to our econometric models.

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United States Personal Income


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 12:30 PM Sep -1% 0.2% -0.2% 0.2%
2021-11-24 03:00 PM Oct 0.5% -1% 0.2% 0.1%
2021-12-23 01:30 PM Nov 0.5% 0.3%


Related Last Previous Unit Reference
Consumer Spending 13723.73 13665.61 USD Billion Sep/21
Disposable Personal Income 18108.28 18045.32 USD Billion Oct/21
Personal Spending 1.30 0.60 percent Oct/21
Personal Income 0.50 -1.00 percent Oct/21
Personal Savings 7.30 8.20 percent Oct/21

News Stream
US Personal Income Rises More than Forecast
Personal income in the United States increased 0.5 percent from a month earlier in October 2021, partially recovering from a 1.0 percent drop in September and beating market expectations of a 0.2 percent gain. It was the largest rise in income for three months, primarily due to increases in compensation of employees on the back of higher private wages and salaries, and personal income receipts on assets boosted by both dividend income and interest income. On the other hand, government social benefits declined, reflecting decreases in payments from three pandemic-related unemployment programs.
2021-11-24
US Personal Income Falls for 1st Time in 4 Months
Personal income in the United States dropped 1.0 percent from a month earlier in September 2021, following a 0.2 percent advance in August and compared with market expectations of a 0.2 percent fall. It was the first monthly decline in income since May, primarily due to a decrease in government social benefits, both in unemployment benefits and “other” benefits. Meanwhile, wages and salaries increased at a faster pace.
2021-10-29
US Personal Income Rises 0.2% in August
Personal income in the United States rose 0.2 percent from a month earlier in August 2021, following a 1.1 percent advance in July and slightly missing market expectations of a 0.3 percent gain. The compensation of employees, such as private wages and salaries, as well as government social benefits were mostly behind the gain. Within government social benefits, an increase in Child Tax Credit payments authorized by the American Rescue Plan, was partly offset by a decrease in unemployment insurance, due to declines in payments from the Pandemic Unemployment Compensation program.
2021-10-01

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.