Personal income in the US declined 7.1 percent month-over-month in February of 2021, down from an upwardly revised 10.1 percent jump in January and compared to market expectations of a 7.3 percent drop. It is the biggest fall on record reflecting a decrease in government social benefits to persons. Within government social benefits, “other” social benefits, specifically the economic impact payments to households, decreased. The CRRSA Act authorized a round of direct economic impact payments that were mostly distributed in January. source: U.S. Bureau of Economic Analysis
Personal Income in the United States averaged 0.53 percent from 1959 until 2021, reaching an all time high of 12.40 percent in April of 2020 and a record low of -7.10 percent in February 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 April of 2021.
Personal Income in the United States is expected to be 6.50 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 0.60 in 12 months time. In the long-term, the United States Personal Income is projected to trend around 0.30 percent in 2022, according to our econometric models.