US Personal Income Rises Less Than Expected

2026-03-13 12:36 By Kyrie Dichosa 1 min. read

US personal income rose by 0.4% month-over-month in January 2026, following a 0.3% increase in December and below expectations of a 0.5% rise.

The gain was mainly driven by an $83.7 billion increase in compensation, including a $71.2 billion rise in wages and salaries.

Private wages and salaries grew by $67.5 billion, reflecting gains of $48.3 billion in services-producing industries and $19.2 billion in goods-producing industries, while government wages and salaries increased by $3.7 billion.

Personal dividend income also climbed by $44.6 billion.

Meanwhile, personal current transfer receipts increased by $18.0 billion, mainly due to a $49.2 billion rise in social security benefits linked to the annual cost-of-living adjustment, partly offset by a $16.7 billion decline in other government social benefits.

Disposable personal income jumped by 0.9%, accelerating from a 0.3% rise in December, while real DPI increased by 0.7% after being flat previously.



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US Personal Income Rises Less Than Expected
US personal income rose by 0.4% month-over-month in January 2026, following a 0.3% increase in December and below expectations of a 0.5% rise. The gain was mainly driven by an $83.7 billion increase in compensation, including a $71.2 billion rise in wages and salaries. Private wages and salaries grew by $67.5 billion, reflecting gains of $48.3 billion in services-producing industries and $19.2 billion in goods-producing industries, while government wages and salaries increased by $3.7 billion. Personal dividend income also climbed by $44.6 billion. Meanwhile, personal current transfer receipts increased by $18.0 billion, mainly due to a $49.2 billion rise in social security benefits linked to the annual cost-of-living adjustment, partly offset by a $16.7 billion decline in other government social benefits. Disposable personal income jumped by 0.9%, accelerating from a 0.3% rise in December, while real DPI increased by 0.7% after being flat previously.
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