BEA News: Personal Income and Outlays, December 2024

January 31, 2025, The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Personal income increased $92.0 billion (0.4 percent at a monthly rate) in December, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $79.7 billion (0.4 percent) and personal consumption expenditures (PCE) increased $133.6 billion (0.7 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $129.5 billion in December. Personal saving was $843.2 billion in December and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.8 percent.

The full text of the release can be found at www.bea.gov/news/2025/personal-income-and-outlays-december-2024.