BEA News: Personal Income and Outlays, October 2024

November 27, 2024

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

Personal income increased $147.4 billion (0.6 percent at a monthly rate) in October. Disposable personal income (DPI)—personal income less personal current taxes—increased $144.1 billion (0.7 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $69.8 billion (0.3 percent) and consumer spending increased $72.3 billion (0.4 percent). Personal saving was $962.7 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.4 percent in October.

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