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BEA News: Personal Income and Outlays, June 2023

BEA News: Personal Income and Outlays, June 2023

July 27, 2023

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

Personal income increased $69.5 billion (0.3 percent at a monthly rate) in June. Disposable personal income (DPI)—personal income less personal current taxes— increased $67.5 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $109.4 billion (0.6 percent) and consumer spending increased $100.4 billion (0.5 percent). Personal saving was $862.4 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.3 percent in June.

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

Donato Pompo

Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. Donato is the founder of CTaSC.