Personal income in the United States rose 1.1 percent from a month earlier in July 2021, following a revised 0.2 percent advance in June and beating market expectations of a 0.2 percent gain. Government social benefits and compensation of employees were mostly behind the growth. Within government social benefits, an increase in "other" social benefits including Child Tax Credit payments authorized by the American Rescue Plan was partly offset by a decrease in unemployment insurance like payments from the Pandemic Unemployment Compensation program. Within compensation, the increase was primarily in private wages and salaries. 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 -13.60 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 September 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 0.30 percent in 2022, according to our econometric models.

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United States Personal Income

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.20 21.00 -13.60 1959 - 2021 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-28 12:30 PM Apr -13.1% 20.9% -14.1% -14%
2021-06-25 12:30 PM May -2% -13.1% -2.5% -3%
2021-07-30 12:30 PM Jun 0.1% -2.2% -0.3% -0.3%
2021-08-27 12:30 PM Jul 1.1% 0.2% 0.2% 0.2%
2021-10-01 12:30 PM Aug 1.1%
2021-10-29 12:30 PM Sep
2021-11-24 03:00 PM Oct
2021-12-23 01:30 PM Nov


News Stream
US Personal Income Rises More than Forecast
Personal income in the United States rose 1.1 percent from a month earlier in July 2021, following a revised 0.2 percent advance in June and beating market expectations of a 0.2 percent gain. Government social benefits and compensation of employees were mostly behind the growth. Within government social benefits, an increase in "other" social benefits including Child Tax Credit payments authorized by the American Rescue Plan was partly offset by a decrease in unemployment insurance like payments from the Pandemic Unemployment Compensation program. Within compensation, the increase was primarily in private wages and salaries.
2021-08-27
US Personal Income Unexpectedly Rebounds
Personal income in the United States edged 0.1 percent higher in June 2021, trying to recover from a revised 2.2 percent drop in May and beating market expectations of a 0.3 percent fall. The increase in personal income in June primarily reflected an increase in compensation of employees driven by private wages and salaries, while government social benefits decreased. Within government social benefits, "other" social benefits decreased as economic impact payments declined. Unemployment insurance also decreased, led by decreases in payments from the Pandemic Unemployment Compensation program.
2021-07-30
US Personal Income Falls for 2nd Month
Personal income in the US decreased 2 percent month-over-month in May of 2021, following a 13.1 percent drop in April and compared with market expectations of a 2.5 percent fall as stimulus payments received earlier in the year began to fade. Within government social benefits, "other" social benefits decreased as economic impact payments made to individuals from the American Rescue Plan Act of 2021 continued, but at a lower level than in April. Unemployment insurance also was down led by decreases in payments from the Pandemic Unemployment Compensation program.
2021-06-25
US Personal Income Falls Less than Expected
Personal income in the US decreased 13.1 percent month-over-month in April of 2021, compared to market expectations of a 14.1 percent drop and after jumping by a revised 20.9 percent in March when most Americans received $1,400 checks as part of Covid-19 stimulus. Within government social benefits, "other" social benefits decreased as economic impact payments made to individuals from the American Rescue Plan Act of 2021 continued, but at a lower level than in March. Unemployment insurance also was down, led by decreases in payments from the Pandemic Unemployment Compensation program.
2021-05-28

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.