BEA News: Personal Income and Outlays, December 2023

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

Personal income increased $60.0 billion (0.3 percent at a monthly rate) in December. Disposable personal income (DPI)—personal income less personal current taxes—increased $51.8 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $134.7 billion (0.7 percent) and consumer spending increased $133.9 billion (0.7 percent). Personal saving was $766.7 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.7 percent in December.

The full text of the release can be found at www.bea.gov/news/2024/personal-income-and-outlays-december-2023.