Personal income increased $95.7 billion (0.4 percent at a monthly rate) in August, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $86.1 billion (0.4 percent) and personal consumption expenditures (PCE) increased $129.2 billion (0.6 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $132.9 billion in August. Personal saving was $1.06 trillion in August and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.6 percent. Full Text
