BEA News: Personal Income and Outlays, March 2024

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today (04-26-2024):

Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March. Disposable personal income (DPI)—personal income less personal current taxes—increased $104.0 billion (0.5 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $172.1 billion (0.9 percent) and consumer spending increased $160.9 billion (0.8 percent). Personal saving was $671.0 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.2 percent in March.

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