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.

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United States Personal Income



Calendar GMT Actual Previous Consensus TEForecast
2022-05-27 12:30 PM Apr 0.4% 0.5% 0.5% 0.6%
2022-06-30 12:30 PM May 0.5% 0.5% 0.5% 0.3%
2022-07-29 12:30 PM Jun 0.5%


Related Last Previous Unit Reference
Consumer Spending 13881.10 13818.36 USD Billion Mar 2022
Disposable Personal Income 18481.16 18380.74 USD Billion May 2022
Personal Spending 0.20 0.60 percent May 2022
Personal Income 0.50 0.50 percent May 2022
Personal Savings 5.40 5.20 percent May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 21.00 -13.30 1959 - 2022 percent Monthly
Current Prices, SA

News Stream
US Personal Income Rises 0.5% in May
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.
2022-06-30
US Personal Income Rises Less than Expected
Personal income in the United States went up 0.4 percent from a month earlier in April of 2022, after a 0.5 percent increase in March and below market expectations of a 0.5 percent gain as an increase in compensation and personal income receipts on assets were partly offset by a decrease in proprietors' income. Within compensation, the increase reflected increases in both private and government wages and salaries. The increase in personal income receipts on assets was led by personal dividend income. The decrease in proprietors' income was led by nonfarm income.
2022-05-27
US Personal Income Rises More than Forecast
Personal income in the United States increased 0.5 percent from a month earlier in March 2022, following a revised 0.7 percent growth in February and beating market expectations of a 0.4 percent gain, reflecting an increase in compensation, proprietors' income, personal income receipts on assets, and government social benefits. The rise in compensation reflected increases in private and government wages and salaries. The increase in proprietors' income was due to increased crop and livestock prices. Personal interest income drove the increase in individual income receipts on assets. Medicare and Medicaid were the driving forces behind the increase in government social benefits.
2022-04-29