BEA News: Personal Income and Outlays, February 2024

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income (DPI)—personal income less personal current taxes—increased $50.3 billion (0.2 percent). Consumer spending increased $145.5 billion (0.8 percent). Personal saving was $745.7 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.6 percent in February. Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $149.9 billion.

The full text of the release can be found at www.bea.gov/news/2024/personal-income-and-outlays-february-2024