BEA News: Personal Income and Outlays, October 2021

November 24, 2021

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

Personal income increased $93.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased $214.3 billion, or 1.3 percent, in October. The increase in personal income primarily reflected an increase in compensation of employees. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 7.3 percent in October, compared with 8.2 percent in September.

The full text of the release on BEA’s website can be found at: www.bea.gov/news/2021/personal-income-and-outlays-october-2021

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