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.