BEA News: Personal Income and Outlays, November 2023

December 22, 2023

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

Personal income increased $81.6 billion (0.4 percent at a monthly rate) in November. Disposable personal income (DPI)-personal income less personal current taxes-increased $71.9 billion (0.4 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $47.8 billion (0.2 percent) and consumer spending increased $46.7 billion (0.2 percent). Personal saving was $839.8 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.1 percent in November.

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