US personal income dropped 4.2 percent from a month earlier in May 2020, after rising by a record 10.8 percent in April and compared to market expectations of a 6.0 percent slump. It was the largest decline in income since January 2013 due to a decrease in government social benefits to persons as payments made to individuals from federal economic recovery programs in response to the COVID-19 pandemic continued, but at a lower level than in April.

Personal Income in the United States averaged 0.54 percent from 1959 until 2020, reaching an all time high of 10.80 percent in April of 2020 and a record low of -4.70 percent in January of 2013. 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 2020.

Personal Income in the United States is expected to be -2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Income in the United States to stand at -0.50 in 12 months time. In the long-term, the United States Personal Income is projected to trend around 0.30 percent in 2021, according to our econometric models.

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United States Personal Income

Actual Previous Highest Lowest Dates Unit Frequency
-4.20 10.80 10.80 -4.70 1959 - 2020 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-27 12:30 PM Feb 0.6% 0.6% 0.4% 0.3%
2020-04-30 12:30 PM Mar -2% 0.6% -1.5% -1%
2020-05-29 12:30 PM Apr 10.5% -2.2% -6.5% -6.6%
2020-06-26 12:30 PM May -4.2% 10.8% -6% -5.6%
2020-07-31 12:30 PM Jun -4.2% -2.3%
2020-08-28 12:30 PM Jul
2020-10-01 12:30 PM Aug
2020-10-30 12:30 PM Sep -1.9%


News Stream
US Personal Income Falls Most in Over 7 Years
US personal income dropped 4.2 percent from a month earlier in May 2020, after rising by a record 10.8 percent in April and compared to market expectations of a 6.0 percent slump. It was the largest decline in income since January 2013 due to a decrease in government social benefits to persons as payments made to individuals from federal economic recovery programs in response to the COVID-19 pandemic continued, but at a lower level than in April.
2020-06-26
US Personal Income Surges at Record 10.5%
Personal income in the US jumped 10.5 percent month-over-month in April of 2020, following an upwardly revised 2.2 percent fall in March and beating forecasts of a 6.5 percent decline. It is the biggest rise on record reflecting an increase in government social benefits as payments were made to individuals from federal economic recovery programs in response to the COVID-19 pandemic. Personal outlays decreased $1.91 trillion and personal saving was $6.15 trillion.
2020-05-29
US Personal Income Falls More than Expected
US personal income declined by 2 percent from a month earlier in March of 2020, after a 0.6 percent increase in the previous month and compared to market expectations of a 1.5 percent drop. That was the biggest fall in income since January 2013, reflecting a decrease in compensation.
2020-04-30
US Personal Income Rises More than Expected
US personal income increased by 0.6 percent from a month earlier in February 2020, the same as in the previous month and beating market expectations of a 0.4 percent gain. There were increases in compensation of employees and farm proprietors’ income. The rise in farm proprietors’ income, included an increase in subsidy payments associated with the Department of Agriculture’s Market Facilitation Program.
2020-03-27

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.