Personal income increased $54.5 billion (0.2 percent at a monthly rate) in September, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)–personal income less personal current taxes–increased $52.7 billion (0.2 percent), and personal consumption expenditures (PCE) increased $113.1 billion (0.5 percent). Personal outlays–the sum of PCE, personal interest payments, and personal current transfer payments–increased $113.0 billion in September. Personal saving was $911.1 billion, and the personal saving rate–personal saving as a percentage of DPI–was 3.8 percent.
