Personal Income and Outlays

Table 1. -- Personal Income [Billions of dollars] -------------------------------------------------------------------------------------------------------------------------- Seasonally adjusted at annual rates ----------------------------------------------------------- 1996 1997 May 98 June 98 July 98r Aug. 98r Sep. 98r Oct. 98p -------------------------------------------------------------------------------------------------------------------------- Personal income..................... 6,425.2 6,784.0 7,085.9 7,104.4 7,132.2 7,161.8 7,178.5 7,209.8 Wage and salary disbursements..... 3,631.1 3,889.8 4,124.3 4,131.0 4,153.5 4,183.5 4,192.1 4,214.0 Private industries.............. 2,990.2 3,225.7 3,438.6 3,442.8 3,463.4 3,490.6 3,496.8 3,515.4 Goods-producing industries.... 909.0 975.0 1,025.5 1,021.3 1,020.8 1,030.6 1,031.2 1,034.4 Manufacturing............... 674.6 719.5 753.2 748.3 743.7 752.4 755.9 755.0 Distributive industries....... 823.3 879.8 935.6 934.4 941.5 946.3 950.1 952.7 Service industries............ 1,257.9 1,370.8 1,477.5 1,487.1 1,501.0 1,513.8 1,515.5 1,528.4 Government...................... 640.9 664.2 685.7 688.1 690.2 692.9 695.4 698.6 Other labor income................ 387.0 392.9 405.7 406.6 407.5 408.3 409.2 410.1 Proprietors' income with IVA and CCAdj........................... 527.7 551.2 570.2 574.8 576.9 574.5 575.8 580.6 Farm............................ 38.9 35.5 27.7 28.2 26.4 24.7 23.0 23.8 Nonfarm......................... 488.8 515.8 542.5 546.6 550.5 549.8 552.8 556.9 Rental income of persons with CCAdj........................... 150.2 158.2 160.9 162.6 163.0 163.5 164.3 165.4 Personal dividend income.......... 248.2 260.3 262.1 262.3 262.4 262.8 263.7 264.7 Personal interest income.......... 719.4 747.3 762.8 765.0 766.5 767.5 768.7 770.1 Transfer payments to persons...... 1,068.0 1,110.4 1,145.3 1,148.3 1,150.2 1,151.5 1,155.4 1,157.3 Old-age, survivors, disability, and health insurance benefits. 538.0 565.9 585.1 586.2 588.0 588.5 589.6 590.3 Government unemployment insurance benefits............ 21.9 19.9 19.4 19.6 19.5 19.3 19.5 19.6 Other........................... 508.0 524.6 540.8 542.5 542.7 543.8 546.3 547.4 Less: Personal contributions for social insurance................ 306.3 326.2 345.5 346.2 347.7 349.9 350.7 352.4 -------------------------------------------------------------------------------------------------------------------------- p Preliminary. r Revised. IVA Inventory valuation adjustment CCAdj Capital consumption adjustment

Table 2. -- Disposition of Personal Income [Billions of dollars] -------------------------------------------------------------------------------------------------------------------------- Seasonally adjusted at annual rates ------------------------------------------------------ 1996 1997 May 98 June 98 July 98r Aug. 98r Sep. 98r Oct. 98p -------------------------------------------------------------------------------------------------------------------------- Personal income....................... 6,425.2 6,784.0 7,085.9 7,104.4 7,132.2 7,161.8 7,178.5 7,209.8 Less: Personal tax and nontax payments........................... 890.5 989.0 1,094.9 1,100.5 1,102.1 1,110.5 1,110.9 1,114.2 Equals: Disposable personal income... 5,534.7 5,795.1 5,990.9 6,004.0 6,030.2 6,051.3 6,067.6 6,095.6 Less: Personal outlays............... 5,376.2 5,674.1 5,970.4 6,005.2 6,010.4 6,033.2 6,076.7 6,107.5 Personal consumption expenditures... 5,215.7 5,493.7 5,782.1 5,815.0 5,818.0 5,839.3 5,881.3 5,910.7 Interest paid by persons............ 143.6 161.5 168.4 170.4 171.9 173.4 175.0 176.4 Personal transfer payments to the rest of the world (net)........... 16.9 18.9 19.9 19.9 20.4 20.4 20.4 20.4 Equals: Personal saving.............. 158.5 121.0 20.5 -1.2 19.8 18.1 -9.1 -11.9 Addenda: Disposable personal income: Chained (1992) dollars 1/........... 5,043.0 5,183.1 5,318.8 5,334.0 5,348.3 5,361.0 5,377.4 5,391.2 Per capita: Current dollars................... 20,840 21,633 22,200 22,231 22,310 22,369 22,410 22,495 Chained (1992) dollars............ 18,989 19,349 19,709 19,751 19,787 19,817 19,861 19,896 Population (thousands).............. 265,579 267,880 269,862 270,069 270,289 270,522 270,757 270,973 Personal saving as a percentage of disposable personal income ......... 2.9 2.1 0.3 0.0 0.3 0.3 -0.1 -0.2 -------------------------------------------------------------------------------------------------------------------------- p Preliminary. r Revised. 1/ Disposable personal income in chained (1992) dollars equals the current-dollar figure divided by the implicit price deflator for personal consumption expenditures.

Bureau of Economic Analysis

Personal Income and Outlays

Data from the latest news release

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