BEA News: Personal Income and Outlays, November 2024

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

Personal income increased $71.1 billion (0.3 percent at a monthly rate) in November. Disposable personal income (DPI)—personal income less personal current taxes—increased $61.1 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $78.2 billion (0.4 percent) and consumer spending increased $81.3 billion (0.4 percent). Personal saving was $968.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.4 percent in November.

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