BEA News: Personal Income and Outlays, August 2023

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

Personal income increased $87.6 billion (0.4 percent at a monthly rate) in August. Disposable personal income (DPI)—personal income less personal current taxes— increased $46.6 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $86.0 billion (0.4 percent) and consumer spending increased $83.6 billion (0.4 percent). Personal saving was $794.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.9 percent in August.

The full text of the release can be found at www.bea.gov/news/2023/personal-income-and-outlays-august-2023.